The outlook for risk assets such as equities has deteriorated sharply. Interest rate hikes and quantitative tightening are weighing on markets, and the overall situation may remain difficult. “Historically, as long as the Fed has been in the rate hike cycle, no market low has been reached”, said Carsten Gerlinger, Managing Director and Head of Asset Management at Moventum AM. “The better opportunities are currently in non-cyclical consumption and communications stocks.”
In view of the economic outlook, valuation of equities is still ambitiously high. “In recent months, US companies have been able to pass on higher costs to their customers”,
In view of the economic outlook, valuation of equities is still ambitiously high. “In recent months, US companies have been able to pass on higher costs to their customers”,
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