Morgan Stanley's Midyear Advice to Clients: Lean Toward Stocks, Cash

Keep your eyes on the second half, when the market will demand improved economic growth and earnings to keep rising.

Adam Parker is the chief U.S. equity strategist for Morgan Stanley.

You started out 2013 with a cautious market view, but then became more bullish. Why?

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.