Deutsche Bank eyes S&P 500 buying opportunity below 5,000
Investing.com -- Deutsche Bank’s Global Chief Investment Officer, Christian Nolting, has indicated that the asset manager is prepared to purchase more U.S. assets if the S&P 500 Index drops closer to its "recessionary level" of 5,000, a figure that is 7.5% lower than Monday’s closing value.
Nolting shared these insights during a Bloomberg TV interview, suggesting that if the S&P 500 Index falls to levels around 5,000 or even 4,800, the asset manager views these scenarios as buying opportunities.
He emphasized that the U.S. market still holds significant potential for growth, which continues to attract investors.
Despite reducing U.S. equities slightly in anticipation of tariffs, Deutsche Bank has advised its clients not to panic due to market volatility.
The asset manager appears to be adopting a strategy that capitalizes on potential market downturns, demonstrating confidence in the long-term growth prospects of the U.S. market.
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