ChainCatcher reports that Dwyfor Evans, head of Asia-Pacific macro strategy at State Street Global Markets, noted that investor confidence in high-risk assets may be excessive. Speaking at the Asian Securities Industry and Financial Markets Association's Asset Management Conference in Singapore, he stated that investors are buying US stocks while hedging their dollar exposure and selling US Treasuries. Evans predicts that US inflation will gradually recover as prices of both imported and domestic goods rise, stating that "3% has become the new 2%." He warned that current market risk positioning may be overly optimistic.
State Street: Investor optimism on risky assets may be excessive
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