The Zhitong Finance App learned that Max Kettner, one of Wall Street's most bullish strategists, cut stock bets for the first time in months, believing that a sharp change in investor sentiment requires adopting a more cautious strategy before next week's US midterm elections. The chief multi-asset strategist at HSBC Holdings described his position as “Max Bullish” (maximizing bullishness) in previous client reports. On Monday, he tactically lowered his stock allocation from maximum overallocation to neutral for the first time since mid-March.

The Zhitong Finance App learned that Max Kettner, one of Wall Street's most bullish strategists, cut stock bets for the first time in months, believing that a sharp change in investor sentiment requires adopting a more cautious strategy before next week's US midterm elections. The chief multi-asset strategist at HSBC Holdings described his position as “Max Bullish” (maximizing bullishness) in previous client reports. On Monday, he tactically lowered his stock allocation from maximum overallocation to neutral for the first time since mid-March.