3 months ago
HSBC believes the recent period of volatility across global financial markets has largely passed, with the bank saying a key sell signal in its market sentiment framework has disappeared, reinforcing its positive outlook for equities.
In a research note, Chief Multi-Asset Strategist Max Kettner argued that despite several significant market shocks over recent months, global equities have remained remarkably resilient.
Kettner highlighted a series of events that created turbulence across ******* et classes, including a $30-per-barrel surge in oil prices following renewed conflict in the Middle East, a 40% decline in Asian memory-related stocks, sharp losses in momentum shares and a 50% drop in ******* eX's share price from its intraday peak.
"And, yet, nothing has happened," he wrote, noting global equities remain only around 1% below the record highs reached in early June.
HSBC believes several factors have helped sustain the equity market despite recent uncertainty.
#HSBC #kettner
In a research note, Chief Multi-Asset Strategist Max Kettner argued that despite several significant market shocks over recent months, global equities have remained remarkably resilient.
Kettner highlighted a series of events that created turbulence across ******* et classes, including a $30-per-barrel surge in oil prices following renewed conflict in the Middle East, a 40% decline in Asian memory-related stocks, sharp losses in momentum shares and a 50% drop in ******* eX's share price from its intraday peak.
"And, yet, nothing has happened," he wrote, noting global equities remain only around 1% below the record highs reached in early June.
HSBC believes several factors have helped sustain the equity market despite recent uncertainty.
#HSBC #kettner
