Highlights from the latest SEB House View
The House View team maintains a pro-risk stance with 65% risk utilisation, favouring equities over bonds despite high valuations.
- The post-election rally for US equities, driven by optimism around potential tax cuts and deregulation, supports this view, along with declining volatility and favourable seasonal variations.
- The European and Chinese markets face tariff-related pressures, but US growth remains strong, with limited recession risk.
- The House View team slightly increased exposure to US equities, citing stronger economic performance, but reduced allocation to Europe, the Nordics, and emerging markets due to growth and geopolitical risks.
- At the sector level, the financial sector is overweighted for expected benefits from deregulation, while healthcare is downgraded to neutral due to political concerns.