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Max Kettner, a strategist at investment firm HSBC (HSBC), believes that the stock market may have just flashed its first real buy signal since “Liber.
Max Kettner now sees last Monday’s S&P 500 low as a near-term market bottom.
KEY POINTS
- Kettner shifted bullish after observing increased hedging by both systematic and discretionary investors.
- Technical indicators like momentum and put-call ratios suggest investors are heavily hedged, supporting a market rebound.
- HSBC warns that a higher-than-expected core CPI could push 10-year yields into a 'danger zone' near 4.5%.
- If yields rise further, Kettner believes most asset classes could suffer except for the U.S. dollar.
COMPANIES
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