Reported 15 days ago
Peter Garnry, Chief Global Equity Strategist at Saxo Bank, describes the current market as a 'tipping point,' highlighting that the likelihood of a recession remains low despite ongoing concerns in Wall Street. He anticipates that broader market performance will surpass mega-cap stocks as interest rates decline. Using historical data, Garnry suggests that rate-cutting has historically led to positive market trends, advising investors to realign their portfolios to reflect an environment with decreasing interest rates.
Source: YAHOO