HSBC's Kettner: Stocks Don’t Need a Catalyst to Keep Rising

HSBC Chief multi-asset strategist Max Kettner stated this week that stock markets can continue to advance without a specific catalyst, citing underlying structural factors that support elevated valuations. Kettner explained that the current global economic environment is characterized by structurally higher nominal growth and revenue growth. This implies that corporate earnings are poised for continued increases, assuming company profit margins remain stable. He shared these insights during an appearance on Bloomberg's "The Opening Trade" program.