(Finance) – The analysts of Equityan independent investment bank listed on Euronext STAR Milan, write that i signs of a weakening of the economic cycle are becoming increasingly evident, together with signs of stress on credit, due to the significant increase in interest rates which is starting to produce restrictive effects on the economy. In the coming months they expect a decline in real rates, in light of the deteriorating macro picture, and a slight widening of credit spreads, which so far have remained relatively under control.
In this scenario “we continue to favor quality stocks over cyclical ones – we read in a research – We maintain our overall neutral positioning on equitiesas we believe that the positive effect on valuations resulting from the reduction in rates may be limited in the coming months by the slowdown of the economic cycle”.