Willem Sels, global chief market strategist at HSBC Private Banking, believes that equities by-and-large remain supported by four factors.
"Secondly, the relatively low expectations that investors have around earnings. Now analysts have started to upgrade those, but certainly still earnings expectations are relatively low and markets have benefited from that," he added.
"Investors are quite skeptical, a lot of cash as well with our clients but also when you look at surveys, U.S. investors are only 23% bulls, usually that is between 20% and 45% so we are at the bottom end," Sels said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Deutsche Bank has hired senior distressed credit trader from HSBC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
JPMorgan's chief U.S. equity strategist says investors should be looking to buy virus laggards'It's very hard to time this by the day, by the week but I think this is what people need to be thinking about in the coming period,' JPMorgan's Dubravko Lakos-Bujas told CNBC.
Weiterlesen »
Private equity funding plummets in COVID-19: Experts say it's a blip - Business InsiderPrivate-equity fundraising hit a 2-year low in Q2 as coronavirus wreaked havoc with businesses and travel. We spoke to experts about why the drop is a 'pause, rather than a wholesale change.'
Weiterlesen »
Goldman Sachs chief equity strategist says tech is still the best long-term betNew for subscribers: Goldman Sachs chief equity strategist says tech is still the best long-term bet Check out CNBCPro for a free trial.
Weiterlesen »
Here's why already red-hot tech juggernauts will keep climbing through the election, according to Goldman's US equity chief | Markets InsiderDavid Kostin told CNBC on Tuesday that technology will continue to grow and remain strong in the long term. His two reasons for this: the high g...
Weiterlesen »
El-Erian says the biggest threat to stock market rally is wave of corporate bankruptcies'I think what derails this market isn't more China-U.S. tension, isn't more political differences. It would be if we get then large-scale bankruptcies,' the chief economic advisor at Allianz added.
Weiterlesen »