Stocks can rally even without a ‘full return to normality,' says HSBC

Analysts led by Max Kettner said markets do not need a full return to normality to reverse the moves seen over the last six weeks. The note is a tactical market view rather than a company- or data-specific catalyst, implying limited immediate price impact. The message suggests some stabilization in sentiment and positioning after recent volatility.

Analysis

Analysts led by Max Kettner said markets do not need a full return to normality to reverse the moves seen over the last six weeks. The note is a tactical market view rather than a company- or data-specific catalyst, implying limited immediate price impact. The message suggests some stabilization in sentiment and positioning after recent volatility.