HSBC: Maintaining "Aggressive Risk Appetite" for Stocks in 2026

Deep News12-09 23:10

HSBC strategists stated that investors are underestimating the potential for a stock market melt-up. They emphasized that an "aggressive risk appetite" will persist in 2026.

"We remain significantly overweight on equities," wrote the team led by Max Kettner.

The stock market is poised to benefit from tax cuts and capital expenditure incentives under the "Big and Beautiful" policy, alongside lower expectations for earnings and economic growth.

Tactically, the team favors small-cap stocks, unprofitable tech stocks, and high-beta momentum plays.

Kettner and colleagues noted that the risk of heightened interest rate volatility in Q1 is unlikely, maintaining an overweight stance on U.S. and emerging market equities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1178686750?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-09 23:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1178686750","market":"us","top_or_hot":-1,"title":"HSBC: Maintaining \"Aggressive Risk Appetite\" for Stocks in 2026","media":"Deep News","content":"<p>HSBC strategists stated that investors are underestimating the potential for a stock market melt-up. They emphasized that an \"aggressive risk appetite\" will persist in 2026.</p>\n<p>\"We remain significantly overweight on equities,\" wrote the team led by Max Kettner.</p>\n<p>The stock market is poised to benefit from tax cuts and capital expenditure incentives under the \"Big and Beautiful\" policy, alongside lower expectations for earnings and economic growth.</p>\n<p>Tactically, the team favors small-cap stocks, unprofitable tech stocks, and high-beta momentum plays.</p>\n<p>Kettner and colleagues noted that the risk of heightened interest rate volatility in Q1 is unlikely, maintaining an overweight stance on U.S. and emerging market equities.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HSBC: Maintaining \"Aggressive Risk Appetite\" for Stocks in 2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHSBC: Maintaining \"Aggressive Risk Appetite\" for Stocks in 2026\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-09 23:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HSBC strategists stated that investors are underestimating the potential for a stock market melt-up. They emphasized that an \"aggressive risk appetite\" will persist in 2026.</p>\n<p>\"We remain significantly overweight on equities,\" wrote the team led by Max Kettner.</p>\n<p>The stock market is poised to benefit from tax cuts and capital expenditure incentives under the \"Big and Beautiful\" policy, alongside lower expectations for earnings and economic growth.</p>\n<p>Tactically, the team favors small-cap stocks, unprofitable tech stocks, and high-beta momentum plays.</p>\n<p>Kettner and colleagues noted that the risk of heightened interest rate volatility in Q1 is unlikely, maintaining an overweight stance on U.S. and emerging market equities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0516423091.SGD","symbol_name":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","start_time":0,"source_url":"","article_id":"1178686750","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178686750","pubTimestamp":1765293020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"HSBC strategists stated that investors are underestimating the potential for a stock market melt-up. They emphasized that an \"aggressive risk appetite\" will persist in 2026. \"We remain significantly...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","HSBC":"汇丰","BK1231":"综合性银行","BK4521":"英国银行股","HSHD.SI":"HSBC HK SDR 5to1","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK1572":"香港银行股","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","BK4588":"碎股","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","03143":"华夏香港银行股","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4207":"综合性银行","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","BK1610":"ETF&股票定投概念","HSBA.UK":"汇丰控股有限公司","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","00005":"汇丰控股","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","BK1601":"香港本地股","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","BK4585":"ETF&股票定投概念","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC"},"translate_title":"汇丰：2026年维持股票“激进风险偏好”","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03143":1,"HSHD.SI":1,"HSBA.UK":1,"00005":1,"HSBC":1},"content_text":"HSBC strategists stated that investors are underestimating the potential for a stock market melt-up. They emphasized that an \"aggressive risk appetite\" will persist in 2026.\n\"We remain significantly overweight on equities,\" wrote the team led by Max Kettner.\nThe stock market is poised to benefit from tax cuts and capital expenditure incentives under the \"Big and Beautiful\" policy, alongside lower expectations for earnings and economic growth.\nTactically, the team favors small-cap stocks, unprofitable tech stocks, and high-beta momentum plays.\nKettner and colleagues noted that the risk of heightened interest rate volatility in Q1 is unlikely, maintaining an overweight stance on U.S. and emerging market equities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1178686750","isCrawlerRequest":true}