We Are Positive Equities Long-Term Says BNP Paribas’s Brones

The video discusses the current market trends as of March, highlighting a tactical shift to a neutral equity position due to a recent rally. Despite short-term caution, the long-term outlook remains positive, with central banks adopting a more accommodative stance compared to last year. Political developments, particularly between China and the US, are seen as positive, though global economic momentum is slowing. The video suggests that while markets may consolidate in the short term, the risk of recession is low, and capital is expected to flow into equities due to low yields in fixed income assets.

What is the outlook for the global economy in terms of recession?

What investment strategy is suggested for the short term versus the long term?