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Credit Suisse analysts confirm the small underweight rating for the US stock exchange. This is what emerges from the report on the global equity strategy “Global Equity Strategy”.
The analysis highlights that Wall Street, in general, tends “to be the area that performs the worst in correspondence with an increase in the cost of high-yield debt (given that it is an economy that has reliance on leverage far more than any other reason “.
Credit Suisse reports that it is “small overweight on tech alone (the US outperforms 70% of the time techs do best), while tax and regulatory risks seem higher than in Europe or Japan”.