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Tech & Innovation·October 26, 2026·1 min read

HSBC’s Kettner Turns Cautions on Equities for Now

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When a major multi-asset strategist calls equities “narrative bingo” and prefers rates, it’s a warning that story-driven sectors—AI included—may see sharper factor rotations. If your runway or exit timing leans on buoyant equity markets, assume a tougher tape and plan financing and burn accordingly.