Bloomberg Markets
Stocks can continue climbing without a specific catalyst, despite recent volatility, as structural factors support higher valuations, according to HSBC Chief multi-asset strategist Max Kettner.
“I don’t think there needs to be a catalyst,” said Kettner. He explained that we’re in a world of structurally higher nominal growth, and structurally higher revenue growth, meaning if company margins don’t change then earnings will continue to rise.
Kettner joined Guy Johnson, Anna Edwards and Tom Mac