Head of Equities at Asset Management by Zürcher Kantonalbank | Vice President of Swiss Sustainable Finance
#Equity markets on the rise and #momentum continues to be the main force so far this year (+12.8% rel. MXWO in CHF). Are #equities melting up? While #fomo might be present in concentrated parts of the market, economic #fundamentals indicate that broader optimism is still based on positive #growth and #inflation expectations. Momentum starts to look expensive in historical terms. However, it does not necessarily imply a near #turningpoint but begs a closer look for signs of caution.
