According to experts, it is still too early for a broad entry into the stock market. Capital market strategists, on the other hand, rely on bonds.
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Frankfurt One discussion is currently dominating the markets: When will the central banks go back to a somewhat looser monetary policy course, i.e. stop raising interest rates at the pace of the past few months? The hope of a pivot, a turning point, has recently caused the stock markets to rise. The leading German index, the Dax, and its US counterpart, the Dow Jones, are each 20 percent above their lows for the year.
However, experts such as Ann-Katrin Petersen, senior capital market strategist at the world’s largest fund company Blackrock, and Mohammed Kazmi, London-based portfolio manager and macro strategist at the Swiss Union Bancaire Privée (UBP), warn of further price fluctuations on the stock market. “Markets underestimate the risk of recession and the persistence of inflation,” says Petersen.
From their point of view, it is therefore still too early for a broad entry into the stock market. You are betting on a different asset class: bonds.
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