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1、July24,201804:01AMGMT9Video
2、USEquityStrategyWilsonWraps:AFewDentsintheMacroArmorMayOffsetWhatIsLikelytoBeaStrong2QEarningsSeasonWatchtheVideo:MORGANSTANLEY&CO.LLCMichaelJWilsonEQUITYSTRATEGISTM.Wilson@morganstanley.com9RelatedResearchUSEquityStrategy:WeeklyWarmUp:
3、Afewdentsinthemacroarmor;atthemicrolevel,2Qearningscominginasexpected,sofar.(23Jul2018)MorganStanleydoesandseekstodobusinesswithcompaniescoveredinMorganStanleyResearch.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivity
4、ofMorganStanleyResearch.InvestorsshouldconsiderMorganStanleyResearchasonlyasinglefactorinmakingtheirinvestmentdecision.9Foranalystcertificationandotherimportantdisclosures,refertotheDisclosureSection,locatedattheendofthisreport.9KeyExhibitsExhibit1:Exhibit2:9Exhibit
5、3:Exhibit4:Exhibit5:9DisclosureSectionTheinformationandopinionsinMorganStanleyResearchwerepreparedbyMorganStanley&Co.LLC,and/orMorganStanleyC.T.V.M.S.A.,and/orMorganStanleyMexico,CasadeBolsa,S.A.deC.V.,and/orMorganStanleyCanadaLimited.Asusedinthisdisclosuresection,"
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