SEB keeps equity overweight as stronger global growth boosts stock outlook
SPY•Themes highlighted in the outlook
The thematic focus flagged AI-driven datacenter capex, US labor-market cooling amid strong growth, and rising strategic demand for space-based digital infrastructure.
Fixed income view turns more cautious
SEB said its fixed-income stance turned more cautious as tighter policy, higher real yields, tight credit spreads and funding needs weaken the risk-adjusted appeal.
Regional and sector overweights unchanged
Overweights were maintained in the US, Nordics and emerging markets, while preferred sectors were unchanged and led by IT, industrials, banks and financials.
SEB raises growth view and keeps preference for equities
SEB raised its global growth view, projecting 3%-3.5% expansion in 2026-2027, citing a broader cyclical recovery.
Its Investment Outlook kept a clear preference for equities, supported by stronger corporate earnings momentum in the second-quarter reporting season.
