It's time to start loading up on U.S. stocks and other risk assets, HSBC said. Investors are heading into September after what has been a weak month for equities. All three major averages are set to close out their worst month of the year, with the S & P 500 and Nasdaq Composite on pace to snap 5-month win streaks. Investors have trimmed profits after tech stocks' extraordinary rally this year. Higher yields and weak global data have weighed on equities.
economy has largely gone from "strength to strength," especially when compared to Europe and other parts of the world. While many economists are leaving behind U.S. recession forecasts, they still expect further weakness in Europe.
Source: News Formal (newsformal.com)
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