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Video / 06 October 2016 at 12:01 GMT

Quarterly Outlook video: Marathon bull run

Peter Garnry
The main Q4 topics for equities include the US presidential election, a potential rate hike and the discussion on bonds versus equities says Peter Garnry, head of equity strategy at Saxo Bank.

Equities are not expensive compared to the bond market and investors should be cautious of the 'bubble-like' scenario in the government bond market, Garnry explains.

The bull market continues to go higher despite challenging events, he says, and there is no fear for a rate hike from an equity perspective. Operating profits peaked around the financial crisis and the leverage ratio is now at its lowest level since '95. A rate hike in December will not derail the equity market.

The current earnings recession has been driven by a strong dollar and oil prices. Analysts expect a 35% jump in global earnings over the next 12 months. There are a lot of expectations built into the equity market and companies need to deliver in Q4, Garnry says.

Read more about Garnry's views in his Q4 Outlook article here.

You can read and watch more Q4 Outlooks by the #SaxoStrats team here.
06 October
QuikStrike QuikStrike
Thanks to Georgio for allowing us at QuikStrike to be part of the WOW series! We look forward to providing more information to the Saxo TradingFloor community.

Please let us know if you have any questions.
06 October
Georgio Stoev Georgio Stoev
Thank you Nick for sharing such easy to use, invaluable market information on the Tradingfloor.


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