State Street: Investor optimism about risk assets may have been overdone
2025-10-23 10:37:55
Dwyfor Evans, head of Asia-Pacific macro strategy at State Street Global Markets, pointed out that investor confidence in risky assets may have gone too far. He told the Asian Securities Industry and financial marekt Association Asset Management Conference in Singapore that investors are currently buying US stocks while hedging dollar risk exposure and selling US Treasuries. Evans predicted that US inflation will gradually pick up as both imported and domestic commodity prices rise, adding that "3% has become the new 2%". He added that this is crucial for the Federal Reserve - if the number of interest rate cuts is reduced, the dollar may rebound. Given the continued high level of policy uncertainty, Evans warned that the current market risk position may be too optimistic. (Jin Ten)
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