HSBC: Market Rotation Fears Overblown, Risk-Off Environment Unlikely

HSBC's Chief Multi-Asset Strategist Max Kettner believes fears of a market rotation into a broader "risk-off" environment are overdone. Despite notable pullbacks in certain sectors, the S&P 500 remains resilient, with Kettner attributing this to strong corporate earnings and supportive monetary policy. He expects the market to continue to recover from recent volatility.