In the spring of 2020, the focus of financial market attention was on economic crisis and low valuations. Today it is on stimulus measures, vaccines and a bright future, but also much higher market valuations. Among positive factors, we are seeing forecasts of a high global growth rate and earnings increases, stimulative monetary and fiscal policies as well as relative valuations of asset classes. Among negative factors are high absolute valuation levels, the often already aggressive positioning of investors and high total debt.
"Last year's sharp stock market recovery is reason for caution, but if economic growth forecasts prove correct while interest rates, bond yields and inflation are under control, there is continued upside potential for equities," says Fredrik Öberg, Chief Investment Officer, SEB Private Banking.
This
Investment Outlook can be read in its entirety or as a two-page summary at seb.se/investmentoutlookreport, where you will also find our web video.
For further information, contact:
Fredrik Öberg, CIO
+46 70 767 6179
fredrik.oberg@seb.se
Press contact:
+46 70 763 8243
niklas.x.magnusson@seb.se
SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long-term perspective and supports its customers in good times and bad. In
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