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SocGen says time to cut equity risk, warns about market "complacency"

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SocGen says time to cut equity risk, warns about market "complacency"

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LONDON (Reuters) – Investors should cut their exposure to stock markets, France’s Societe Generale <SOGN.PA> said Thursday in a research note warning that high valuations and the upcoming end to ultra loose monetary policies were a cause for concern. “We are worried by the combination of complacency, valuation and simultaneous tightening by the Fed and the ECB”, analysts at the bank wrote, cutting the equity allocation of their multi-asset portfolio from 60 percent to 50 percent.

(Julien Ponthus, edited by Helen Reid)
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