Morgan Stanley's Slimmon names tech stocks to buy at a 'reasonable price'

Though he fears a change in market conditions could cause 'some sort of equity correction,' the portfolio manager says it's 'clear sailing' for stocks for now.

Morgan Stanley Investment Management's Andrew Slimmon has been consistently bullish on stocks — even during periods of volatility. While he fears that a change in market conditions could cause "some sort of equity correction," the senior portfolio manager believes it's "clear sailing" for stocks for now.

"The problem is, as we get into May number, June numbers, July numbers of last year, those CPI numbers really came down quite a bit," Slimmon told CNBC's " Street Signs Asia. " "So the year over year comparisons are going to get much tougher, very, very near in the future." "So I'm worried that we could have a realization that the CPI, the trajectory is no longer down, and it's a little stickier," Slimmon said.

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