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#Market Strategy — 12.03.2019

Video : Our investment strategy recommendations for March 2019 by Florent Brones

Florent Bronès

After the strong market rally in January and February, we recommend taking
profits and turn neutral on equity markets in the short term.

We remain positive on stock markets over the long term as our baseline scenario for
2019 excludes the risk of a recession including in the eurozone. Profits continue to rise,
albeit at a slower pace, especially in the United States
, as reflected in the revised
forecasts at the beginning of the year. Interest rates are historically low as inflation
remains timid. The multi-year bull market in stock markets will continue beyond the
short-term consolidation that we are expecting. But volatility will remain higher at
the end of this market cycle.

Florent Brones

Chief Investment Officer
BNP Paribas Wealth Management