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<p>Mike Wilson, our CIO and Chief U.S. Equity Strategist, and Dan Skelly, Senior Investment Strategist at Morgan Stanley Wealth Management, discuss the outlook for the U.S. stock market in 2026 and the most significant themes for retail investors. </p><p>Read more <a href="https://www.morganstanley.com/insights?cid=mg-SM_CORP-insights-17607" rel="noopener noreferrer" target="_blank">insights</a> from Morgan Stanley.</p><p><br></p><p>----- Transcript -----</p><p><br></p><p><strong>Mike Wilson:</strong> Welcome to Thoughts on the Market. I'm Mike Wilson. Morgan Stanley’s CIO and Chief U.S. Equity Strategist. </p><p><strong>Daniel Skelly:</strong> And I'm Dan Skelly, Senior Investment Strategist for Morgan Stanley Wealth Management. </p><p><strong>Mike Wilson:</strong> Today we're going to have a conversation about our views on the U.S. stock market in 2026, and what matters most to retail investors in particular. </p><p>It's Monday, December 8...