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Aktiebolaget Svensk Exportkredit Elements Linked to the SPECTRUM Large Cap U.S. Sector Momentum Index developed by BNP Paribas due Augu
Executive Summary:
Monetary conditions, which includes Fed policy, remain exceptionally/historically favorable. Both economic data and corporate earnings have been coming in better than expected. Inflation, while showing some signs of life recently, isn't likely to be a problem for stocks in the foreseeable future. And while valuations are clearly high, this is a fairly common occurrence in post-recession market cycles (see explanation below). Thus, my take is the fundamentals continue to support the bull case.
My Take on the State of the Fundamental Backdrop...
There are no changes to report on the Fundamental Factors board