Markets: Sentiment is already bullish – ANZ

Sandeep Kanihama FXStreet Contributor

According to analysts at ANZ, market sentiment change that occurred late last year is broadening.

Key Quotes

“Global equities continue powering to fresh all-time highs, fuelled by lower interest rates and the Phase One trade deal. It has now been 69 days since a 1% pullback in the S&P 500; and on most traditional multiples, equities look expensive.”

“Sentiment is already bullish and positioning looks one-sided, so there is an open question about the sustainability of an already-crowded reflation trade. Some answers may come from the start of the US earnings reporting season, in what is otherwise a relatively light week for economic data.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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