State Street Corporation: Investors' optimism towards risk assets may have been excessive

ChainCatcher news, according to Jinshi reports, Dwyfor Evans, the head of Asia-Pacific macro strategy at State Street Global Markets, pointed out that investor confidence in high-risk assets may have become excessive. He stated at the Asian Securities Industry and Financial Markets Association Asset Management Conference held in Singapore that current investors are buying U.S. stocks while hedging against dollar risk exposure and selling U.S. Treasuries. Evans expects that as the prices of imported and domestic goods rise, U.S. inflation will gradually rebound, stating that "3% has become the new 2%." He warned that the current market risk positions may be overly optimistic.