"We're seeing a greater division of clients' conviction about the markets, which makes sense given the increase in geopolitical risk and the upcoming US election in November," says Peter Garnry, Chief Investment Strategist, Saxo.
"The sustained concerns about geopolitical tensions align with ongoing global conflicts and economic sanctions, while rising interest rates and inflation remain key risks for global markets. We also get closer to the US election - now less than a month away - and as such it seems relevant that geopolitical tensions, the election and interest rates are among investors' top concerns," says Garnry.
"Interestingly, while Information Technology remains chief in this survey, we see that it has fallen quite drastically relative to Q3 and Q2 responses, which were both +30%. The underperformance in US technology stock"
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