Why The 1% Is Still Cautious About This Market
The potential for a “great rotation” out of bonds and into stocks and the prospects for a favorable earnings environment in the United States in the coming years has many investors, including President Donald Trump, bullish on stocks. However, some of the wealthiest investors in the world still see plenty of reasons for caution.
Trump’s political unpredictability along with potential destabilization in Europe following the Brexit vote are two reasons Deutsche Bank AG CIO Christian Nolting believes wealthy investors remain uneasy.
“People are still cautious; there is still demand for bonds and people are not ready to move into the more risky equity space,” Nolting said.