{
  "docId": "019dd923-5e88-73ef-bd58-5342f5e3019a",
  "docSlug": "b8892070c06ac6fc",
  "documentTitle": "thebeatfeb2025 en",
  "authorId": "MorganStanley",
  "authorName": "Morgan Stanley",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 16,
  "pageCount": 26,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "kpi_dashboard",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 8,
  "notes": "The slide uses a custom matrix-style visualization to represent conviction levels (underweight to overweight) and directional changes.",
  "elementsJson": [
    "headline_text",
    "data_table",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd58-5342f5e3019a/16",
  "deckHref": "/decks/019dd923-5e88-73ef-bd58-5342f5e3019a",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-5342f5e3019a.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-5342f5e3019a#slide-16",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We move our duration view to underweight: The UST 10-year yield at 4.5% sits towards the middle of our view on a longer-term range, but we see the near-term balance of risks skewing higher with recession risk low, but inflation risk a relevant focus.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-340c-7065-8a5e-29d8389e847e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.065,
        "w": 0.925,
        "x": 0.037,
        "y": 0.875
      },
      "kind": "disclaimer",
      "text": "For informational purposes and does not constitute an offer or a recommendation to buy or sell any particular security...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "58a9b75a-693b-460c-945f-fd4cf85c981e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.085,
        "w": 0.324,
        "x": 0.638,
        "y": 0.158
      },
      "kind": "legend",
      "text": "Current allocation, Change from previous, High conviction underweight to High conviction overweight scale.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "80484322-0a9d-4b18-ac3e-900806e93a22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Asset Allocation View",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-340c-7065-8a5e-2d2fb0182a5f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.925,
        "x": 0.037,
        "y": 0.255
      },
      "kind": "table",
      "text": "Asset allocation table with columns for Asset, Our View (conviction levels), and Commentary.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e71d1b88-0471-4d5e-98a1-2053403649d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.518,
        "x": 0.037,
        "y": 0.148
      },
      "kind": "title",
      "text": "Capital Markets Investment Framework",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dfc0aaac-5989-4ddb-aa71-1633063ac7f3",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "540c6d82-52da-434c-adb8-d779bf824a00",
      "evidence": "table/data: Asset allocation table with columns for Asset, Our View (conviction levels), and Commentary.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 18,
      "from": 16,
      "beatId": "27391fba-0694-4274-a399-ae8a74a29665",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "KPI Dashboard",
      "beatSlug": null,
      "evidence": "The KPI dashboard slides provide a visual representation of the investment framework and performance metrics.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}