HSBC like setting long trades into risk assets, "above all into US equities"
<p>A note from overnight (Tuesday US time) from HSBC, analysts at the bank like buying into risk assets, especially US equities, citing:</p><ul><li>
“A key difference to a month ago is that our short-term sentiment and positioning index is now way off contrarian sell territory and much more neutral now”</li><li>the US economy has gathered pace, going from “strength to strength”, outpacing other parts of the world</li></ul><p>Which presents:</p><ul><li>“ … a pretty good tactical entry point into risk assets, above all into US equities.”</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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