Stocks are the 'asset class of choice' as markets are now used to bad news, strategist says
Publishing timestamp: 2024-01-30 05:46:40
Summary
The article discusses the views of Beat Wittmann, partner at Porta Advisors, regarding the impact of geopolitical risks on markets. Wittmann believes that despite mounting geopolitical risks, stocks will remain the preferred asset class. He argues that energy prices and international trade routes are not likely to significantly impact markets. The article also mentions the concentration risk posed by the outstanding performance of mega-cap tech stocks. Wittmann remains bullish on stocks, particularly in the technology sector. He suggests that the only risk to the momentum in the market would be if inflation proves stickier than expected due to unforeseen geopolitical risks. The article concludes by stating that the outcome of the U.S. election in November would be irrelevant for markets.
Sentiment: NEUTRAL
Tickers: .SPX,
Keywords: investment strategy, wall street, stock markets, breaking news: markets, elections, business news, breaking news: investing, interest rates, u.s. economy, united states, breaking news: politics, markets, politics, s&p 500 index,