HSBC Warns: “The ‘millennialization’ of investment is accelerating”

Even though economic sentiment around the world is improving, analysts at HSBC believe that the world is still stuck in a period of economic stagnation.

Over the past year, for the first time since 2008, economic sentiment around the world can be said to be improving. Central banks are beginning to tighten monetary policy, economic growth in developed economies is returning, unemployment is falling (and in several developed nations is at a record low) and inflation is returning.

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However, HSBC's global equity strategy team headed by Ben Laidler, Daniel Grosvenor and Alastair Pinder believes that these tailwinds are unlikely to last for long. In a...