Positive market forecasts despite challenges
Max Kettner, Chief Strategist for Multi-Assets at HSBC Holdings, expresses positivity about the current market development despite the existing geopolitical risks and unclear interest rate policies. Kettner sees the ongoing rally in stock markets as a logical development that highlights the resilience and adaptability of the markets.
Less sensitivity to trade tensions
A key observation by Kettner is the decreasing sensitivity of investors and traders to trade tensions and tariff threats. This change in market perception, according to Kettner, contributes to the stability and upward trend of the markets.
Focus on fundamental strengths
The uncertainties, such as potential new trade sanctions or tariff increases, could lead to volatility in the short term. Nevertheless, Kettner believes that the markets are increasingly focusing on fundamental strengths. Progress in certain industries, such as the pharmaceutical sector or U.S. steel stocks, is being positively received and promotes market stability.
In summary, the current market rally, according to Kettner, demonstrates robust market resilience in the face of challenges posed by geopolitical risks and unclear interest rate policies.