Willem Sels, Global Head of Investments at HSBC Global Private Banking and Wealth, addresses the fears of the markets. In your opinion, once markets become more comfortable with the idea that a credit or banking crisis will be averted, stocks should rebound.
Risk appetite should pick up
“We believe the current market turmoil is a consequence of the volatility triggered by the SVB, but not a harbinger of a credit or banking crisis.”
“Investors should not panic, but rather continue to invest with a clear focus on quality across all asset classes.”
“Investment grade has posted positive returns since the start of the turbulence. Equities should rebound once markets become more comfortable with the possibility of a credit or banking crisis being averted.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.