Credit Suisse Shifts Strategy to Overweight Stocks
Credit Suisse changed its outlook on the stock market and now is overweight stocks, Giles Keating, head of research at Credit Suisse, told CNBC Monday.
"Some of the storm clouds are clearly lifting," Keating said.
The asset allocation committee at Credit Suisse recommends increasing exposure to stocks in client’s portfolios.
“We are recommending that whatever a client has, we should be a little overweight their benchmark,” Keating explained.
He said quantitative easing is a good thing for investors. Economic data is taking “a turn in a positive direction” thanks to asset prices benefiting from money printing, he said.
Keating added that the G20 is “just beginning to get that” quantitative easing is helping and predicted that talk about the currency war is going to fade soon.