The market’s double-digit percentage rally so far this year has more to go as investor sentiment rises, according to Credit Suisse.
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“Our work indicates that investors have not fully re-risked portfolios following 4Q’s turbulence—despite a sharp decline in volatility and spreads—and that valuations will drift higher as they do so,” he wrote in the report.
The biggest head wind is emerging political chaos around Trump & forces opposing him. USG will be paralyzed till 2021! Golub ignoring it!
Interesting to see what will happen if the Fed cuts back rates this year.
when valuations no longer matter, might as well just keep buying... nothing about this market makes sense!
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Source: CNBC - 🏆 12. / 72 Read more »