FXStreet reports that in the view of Lisa Shalett, Chief Investment Officer, Wealth Management at Morgan Stanley, markets may move sideways for a while.

“Interest rates may be near their peak. With the 10-year Treasury yield at 1.6%, we also expect market volatility to recede. Once the year-over-year rates of positive change in key measures of economic and earnings growth and Fed stimulus start to decline, they may fall dramatically, which could negatively affect market sentiment. These transitions could cause US equity prices to move sideways, as investors adjust to a slower rate of growth than they had experienced the year before.”