Equities should rebound as a credit or banking crisis remains unlikely – HSBC
|Willem Sels, Global Chief Investment Officer, HSBC Global Private Banking and Wealth, addresses market fears. In his view, once markets grow more comfortable that a credit or banking crisis will be averted, equities should rebound.
Risk appetite should recover
“We think the current market turmoil is a consequence of rate volatility triggered by SVB, but not a harbinger of a credit crisis or a banking crisis.”
“Investors should not be panic but remain invested with a sharp focus on quality across asset classes.”
“Investment grade has seen positive returns since the start of the turmoil. Equities should rebound once markets grow more comfortable that a credit or banking crisis will be averted.”
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