Fynsa
Equity markets continue to struggle between higher interest rates and positive corporate earnings dynamics, associated with the strength of the economy but, above all, the potential of AI.
No correction has been observed so far in the equity market, despite technical indicators that the market is overbought and at all-time highs.
And suddenly, interest rates are important again.
We recommend a more balanced exposure to cope with the strong market concentration.
Higher interest rates put pressure on valuations during 2022, but the focus will now shift from valuations to corporate earnings in an increasingly challenging macro environment.
