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Christophe Barraud, chief economist and strategist at Market Securities, highlights that a quantitative model signals the rally in U.S. stocks is reaching a ‘manic’ stage.
This assessment suggests elevated momentum in equity markets and potential risk of overheating.
Barraud has previously focused on monetary policy risks in Europe. He relayed European Central Bank official Nagel's view that policy was expected to tighten as conditions worsened versus the March baseline in a recent article. In another report, Barraud noted calls for fast European Central Bank action if second-round inflation trends emerge in the euro area, according to Market Securities commentary.