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Jul 20, 2012, 08.02 AM IST

Credit Suisse's view on market

We marginally reduce our year-end S&P target from 1,440 to 1,425. While tail risks remain high, we stay overweight equities, says Andrew Garthwaite, Credit Suisse.

Bazaar at 08:00 am
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Andrew Garthwaite, Credit Suisse said that, "We marginally reduce our year-end S&P target from 1,440 to 1,425. While tail risks remain high, we stay overweight equities. In the past a trough of macro surprises has coincided with a trough in equity markets. Positioning remains cautious despite surveys highlighting client optimism on equities as an asset class in the longer term."


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