HSBC Strategist Max Kettner Predicts Continued Stock Market Growth Without New Catalysts
Max Kettner, HSBC's Chief multi-asset strategist, suggests that stock markets can continue their upward trend without requiring a specific new catalyst. He indicates that despite recent volatility, structural factors support higher valuations. Kettner cites structurally higher nominal growth and revenue growth as key elements, anticipating that if company margins remain stable, earnings will continue to rise.
Stocks have the potential to continue their ascent without the need for a specific catalyst, according to Max Kettner, HSBC's Chief multi-asset strategist. Kettner stated, "I don’t think there needs to be a catalyst," during an appearance on "The Opening Trade."
He explained that underlying structural factors are supporting higher valuations in the current market environment, even amidst recent volatility. Kettner highlighted a global landscape characterized by structurally higher nominal growth and revenue growth.
This trend suggests that if company margins remain unchanged, corporate earnings are likely to continue their upward trajectory. Kettner shared his insights during a discussion with Guy Johnson, Anna Edwards, and Tom Mackenzie.
(Source: Bloomberg Markets)
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