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Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors.
Before trading, please ensure that you fully understand the risks involved
Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved
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Tuesday, June 30, 2020

Opto Sessions: Fahad Kamal on what’s happening with US equities

by Century Financial in Brainy Bull

Opto Sessions: Fahad Kamal on what’s happening...

Fahad Kamal is the chief market strategist at Kleinwort Hambros, which is the UK private banking and wealth management division of Société Générale. Since joining the firm in 2012, he has helped to develop its macroeconomic view and translate this into a powerful investment strategy.

Kamal, who also chairs the Investment Committee at Kleinwort Hambros and sits on the Private Bank Global Investment Committee at Société Générale, previously worked for the US Agency for International Development and the RiskMetrics Group.

The current volatility in global equities has given many pause for thought, Kamal explained.

“We are generally cautious on the markets right now. We are slightly underweight on equities at the overall asset allocations level,” Kamal told Opto.

However, this is not the case across the board. “Within regions, we are overweight towards the US, which has obviously been a good place to be for a very long time and especially including the last few crazy months that we’ve had and that remains the case,” he said.

This viewpoint, he says, is quite clear and evidenced by the US market’s dramatic fluctuations over the past three months.

For more detail on the factors explaining Kamal’s position, listen below.

Kamal explained how actions by the US Federal Reserve have helped boost liquidity.

“The goal has always been to maintain price stability and to maintain employment. Obviously, to do both of those things you need to avoid a huge, craterous recession,” Kamal explains.

He explains that when the Fed began to see markets freeze they flooded the market, causing a “huge tide of liquidity to make asset prices rise as a by-product”.

Source: This content has been produced by Opto trading intelligence for Century Financial and was originally published on cmcmarkets.com/en-gb/opto

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The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Century Financial or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

Century Financial does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and Century Financial shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

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