backdrop

Morgan Stanley MS -0.84%decrease; red down pointing triangle Chief Executive Ted Pick described the backdrop in an earnings call as one in which “macro uncertainty and enormous opportunity uncomfortably coexist.”

Set against this backdrop, investors have increasingly been asking how to contextualize Rocket Lab’s valuation, according to Morgan Stanley’s Liwag.

Set against the backdrop of intensifying competition with China, the federal government recently also took a stake in rare-earths producer MP Materials Corp.

While it’s important the breakout holds and doesn’t fade quickly, the technical backdrop suggests further upside.

But a trade war is more glaring than an opaque economic backdrop.