B · Normal
[HSBC: Falling stock valuations reflect pressure from interest rates, reiterate bullish view on U.S. stocks] On September 29, HSBC strategists said that the decline in U.S. stock valuations reflects the pressure from soaring interest rates in the past few months, while weak market breadth is usually a contrarian indicator, generally suggesting oversold conditions. The team led by Max Kettner reiterated its bullish view on U.S. stocks, citing improving economic growth and earnings expectations.
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