See February On the Markets from the Global Investment Committee featuring

• “Think Like An Owner”  Michael Wilson, chief investment officer of Morgan Stanley Wealth Management and Morgan Stanley & Co., cautions investors about buying stocks now amid deteriorating economic statistics and downward revisions in earnings forecasts. He counsels investors to wait until growth troughs.

• “The Legacy of QE”  The Federal Reserve’s Quantitative Easing policy had curative powers for the economy, the banking system and asset markets. It also left behind a legacy of high levels of debt and potentially crippling deficits. 

• “Get Ready for Flying Cars”  They’re not science fiction, writes Adam Jonas, an equity analyst who follows the global auto industry for Morgan Stanley & Co. Jonas lays out the timeline for development and adoption of urban air mobility. 

• Plus, look for more on equities and fixed income, as well as a Q&A with Joanne Driscoll of Putnam Investments on opportunities in short-term fixed income, where the yields are the highest in a decade.

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