Pictet WM: Equities to perform sideways in coming weeks

11 July 2019 | 1 minute read

Given demanding equity valuations, Pictet Wealth Management believes the stock market will perform sideways in the coming weeks. “After a strong rally in June that more than erased the May drawdown, valuations look demanding, underpinning our underweight stance,” the wealth manager said. “We expect equities to perform sideways in the coming weeks, but with the possibility of rotation to quality…

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