Bull markets: Equities remain the most attractive asset class
Articles

Bull markets like this are a rare occurrence. Interview with Burkhard Varnholt

The financial markets are going through extraordinary times. The current bull market is proving to be amazingly resilient, despite the widespread doubts expressed by investors. In the interview, Burkhard Varnholt explains his view of the stock market situation and why he expects equities to remain the most attractive asset class in the second half of the year too.

Many investors doubt that the bull market will continue – are they right?

"We're living in crazy times!" This is how Burkhard Varnholt, Deputy Global Chief Investment Officer of Credit Suisse, summarizes the current situation in the investment markets, adding that he has only rarely experienced a bull market like the current one. However, when talking to investors, Burkhard Varnholt often hears doubts about whether the bull market can last in the long term. But he explains in the interview why it is precisely this skepticism that is exciting for the markets.

Load Video

Credit Suisse House View August / September 2021

Chief Investment Officer, Swiss Universal Bank and Deputy Global Chief Investment Officer, Credit Suisse

By accessing the videos and/or podcasts in this page, you hereby consent to Credit Suisse disclosing your full IP address to YouTube and/or SoundCloud for the purpose of enabling you to view or listen to the content hosted in those platforms. These third party platforms are not operated or monitored by Credit Suisse, and your IP address and any other personal data collected, processed or stored by these third party platforms will be subject to their own privacy policies, and Credit Suisse will not be responsible for their treatment of personal data.

Equities remain the most attractive asset class

From other points of view too, there are many things that make it likely that the bull market will continue. "You cannot ignore the fact that the macro environment is extremely strong," says Burkhard Varnholt. First, the strong economic growth rate since the start of the year is evident in healthy corporate profits. Second, the increase in productivity in many places is also evidenced by growing margins. And so equities are likely to remain the most interesting asset class in the second half of the year too. By contrast, Burkhard Varnholt says in the interview why he is less optimistic about government bonds.

Do you have questions about this topic? 

Schedule a consultation This link target opens in a new window
We will be happy to assist you. Call us at 0844 844 007. 

Related Articles

  1. Fear is not an investment strategy

    Investment strategy: How investors should behave in the bear market
    We are in the eye of a storm: While fear of inflation and recession dominates Wall Street, Main Street companies are seeing full order books. The latter, however, are suffering from disrupted supply chains and a huge shortage of workers. In such stormy times, we do well to remember the basics: Fear is not an investment strategy. But how can investors deal with bear markets?

  2. Investing in September: Our forecast in brief

    Investing in September: Our forecast in brief
    Credit Suisse gives its perspective on economic and financial market developments over the short to medium term and looks at the implications for investors. In recent weeks, investor sentiment has brightened somewhat thanks to the recovery in the stock markets. It remains uncertain whether the price collapse has been overcome. Forecasts on economic growth are clearer: This is expected to be only 1 percent in 2023.

  3. Energy crisis creates promising investment opportunities

    Energy crisis creates promising investment opportunities
    Given the urgency of the latest crisis, the energy transition is moving center-stage again at a global level. In addition to mobilizing capital, the race to come up with the best ideas has begun worldwide. The prospect of innovations also creates promising investment opportunities – what investors need to know.