MGlobalInsight2023GlobalStrategyOutlookTheYearofYieldLessgrowth,inflation,andpolicytighteningmeantheUSdollarpeaksandhighgradebondsandEMoutperform.USstocks,HY,andmetalslag.It'sagoodyearfor'income'investing.MorganStanleydoesandseekstodobusinesswithcompaniescoveredinMorganStanleyResearch.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofMorganStanleyResearch.InvestorsshouldconsiderMorganStanleyResearchasonlyasinglefactorinmakingtheirinvestmentdecision.Foranalystcertificationandotherimportantdisclosures,refertotheDisclosureSection,locatedattheendofthisreport.+=Analystsemployedbynon-U.S.affiliatesarenotregister...