Business, Financial, stock markets, sudden technical sell-off, but the fundamentals hold
Candriam: US Equity, sudden technical sell-off, but the fundamentals hold, word to the market Since last week, stock markets have burned most of the gains in 2018. The stock exchange start-up in January had been too rapid and the sentiment indicators had become overly optimistic. However, the market sell-off is more systemic than based on fundamentals. The growing fear of investors that the so-called Goldilocks scenario is about to close is unjustified and, in our opinion, a context of favorable fundamentals will eventually prevail. Since the end of last week, equity investors have begun to monetize their 2018 earnings, initially because they are worried...
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