Year-to-date, global equities have rallied 11.2%. This week could turn out to be one of the keenest tests for the increasingly prevalent “soft landing” thesis. Economists at UBS analyze how stocks could be impacted.
Stay cautious on stocks amid “soft landing” scrutiny
We do not expect this week’s heavy data and central bank calendar to prove the market’s ‘soft landing’ thesis conclusively. Uncertainty around the economic and market outlook is likely to endure in the second half of the year, with potential for cross-asset volatility to rise on increased data-dependency and shifts in market leadership.
While we cannot rule out further equity gains if US consumer prices undershoot expectations of a 4.1% year-over-year (YoY) headline rate and 5.1% YoY core reading, we believe investors should stay cautiously positioned in equities relative to highly-rated fixed income.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。