Nothing that global equity markets have rebounded 7% from the year’s low point on February 4, a new investment letter from Societe Generale says equity markets could be overvalued and “company valuations no longer reflect the risks.” “Beyond low interest rates, we struggle (as ever) to understand the bullish mood” Looking at the various market forces, the research note sounds a voice of concern. “Beyond low interest rates, we struggle (as ever) to understand the bullish mood,” the note says, looking at the world from a statistical point of view. “Most economic data is soft at best, corporate profit expectations…
Societe Generale: "Company Valuations No Longer Reflect Risks"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.