HSBC moves to 'max' overweight stocks, saying peak fear about Iran oil spike has passed

Max Kettner says the recent bout of selling since the start of the U.S.-Iran war will mirror the early Covid-19 pandemic sell-off, implying the decline is temporary and likely to reverse. This is an analyst viewpoint that suggests cautious, risk-on positioning by investors but is commentary rather than new data and is unlikely by itself to move broad markets materially.

Analysis

Max Kettner says the recent bout of selling since the start of the U.S.-Iran war will mirror the early Covid-19 pandemic sell-off, implying the decline is temporary and likely to reverse. This is an analyst viewpoint that suggests cautious, risk-on positioning by investors but is commentary rather than new data and is unlikely by itself to move broad markets materially.