News Formal

Buy the dip: HSBC says this is a great time to load up on U.S. stocks, other risk assets

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

HSBC analyst Max Kettner said, 'US exceptionalism is increasingly making a comeback.'

It's time to start loading up on U.S. stocks and other risk assets, HSBC said. Investors are heading into September after what has been a weak month for equities. All three major averages are set to close out their worst month of the year, with the S & P 500 and Nasdaq Composite on pace to snap 5-month win streaks. Investors have trimmed profits after tech stocks' extraordinary rally this year. Higher yields and weak global data have weighed on equities.

economy has largely gone from "strength to strength," especially when compared to Europe and other parts of the world. While many economists are leaving behind U.S. recession forecasts, they still expect further weakness in Europe.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buy the dip in U.S. stocks - HSBC By Investing.comBuy the dip in U.S. stocks - HSBC
Source: Investingcom - 🏆 450. / 53 Read more »

Best Buy stock gains after earnings beat but mixed outlook, sees tech sales bottoming this yearShares of Best Buy Co. Inc. got a 0.5% boost in premarket trading Tuesday, after the consumer electronics retailer reported fiscal second-quarter results...
Source: MarketWatch - 🏆 3. / 97 Read more »