HSBC Keeps Maximum Overweight on Equities, Sees Limited Downside from FOMC and IPOs
HSBC's chief multi-asset strategist reiterates a maximum overweight on equities, downplaying worries about IPO indigestion following a large market debut and suggesting the upcoming FOMC meeting is more likely to be a non-event than a hawkish shock. The bank highlights the potential for a positive wealth effect from recent listings, expects lower f…