Money Monday with Morgan Stanley’s Steven Esposito: Who is being hit hardest by supply chain delays?

Anna Davlantes

Containers stacked high are seen at the Port of Los Angeles on September 28, 2021 in Los Angeles, California. – A record number of cargo ships are stuck floating and waiting off the southern California coast amid a supply chain crisis which could mean fewer gifts and toys for Christmas this year as a combination of growing volumes of cargo, Covid-19 related saftey measures and a labor shortage slow the handling and processing of cargo from each ship. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

Steven Esposito, Executive Director, Wealth Advisor, Senior Portfolio Management Director, Morgan Stanley, joins Anna to talk about supply chain constraints impacting the economy, why he believes the best bargains in the market are in the cyclical sector, the importance of a well-balanced portfolio, the upward trend of oil prices and if the tech sector is due to cool off.

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Anna Davlantes
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Anna Davlantes is a Chicago native, a seven-time Emmy Award-winning journalist who has broken major stories, passionately told small stories and exposed corruption that has prompted major investigations and reform. (Click for more.)