Equities: Strong rebound supported by earnings growth – Danske Bank
Danske Bank’s Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced.
Danske Bank's Danske Research Team has reported a robust rebound in global equities, with major indices like the S&P 500, Nasdaq, Stoxx 600, and Kospi all experiencing solid gains. Despite a recent Fed hike and additional rate hikes anticipated, these equities managed to bounce back. The team attributes this strong performance to consensus earnings growth of 35% and rising estimates, which make a sustained equity sell-off or pause increasingly difficult.
They advocate a barbell strategy, favoring global tech stocks over industrials as valuations adjust.
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