Market development from our perspective – February 2023
The capital markets consolidated in February after a strong start to the year.
Despite rising interest rates and a pessimistic mood, quality and growth stocks even managed to gain ground, while outperformers from the previous year showed a weaker trend.
Bonds fell due to rising interest rates, but high-yield bonds held up better.
The stock markets reacted unusually to current issues, possibly due to positive company results and cautious optimism.
It is expected that profit decreases will only occur in the second half of the year. There is a possibility of an upstream price rally due to the stabilisation of interest rates.
. It is recommended to take advantage of countercyclical opportunities in the quality and growth segment, as these are ripe for a countermovement.
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Investments are associated with a risk of financial losses. Neither historical returns and price developments nor forecasts for the future can serve as a reliable indicator of future returns or price developments. The FI Group is not liable for any losses arising directly or indirectly from action taken solely on the basis of this assessment.
The information contained in this assessment is based on sources that the FI Group believes to be reliable. However, the FI Group accepts no liability for defects, including errors in the sources, printing errors or calculation errors or changed conditions.