Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


How to Day Trade Stocks & Indices

  • Place your first trade
  • Identify 9 chart patterns
  • Pro strategies step-by-step

You'll also receive our newsletter and other Opto emails in accordance with our privacy policy. This form is protected by reCaptcha


Fahad Kamal on what’s happening with US equities

Fahad Kamal is the chief market strategist at Kleinwort Hambros, which is the UK private banking and wealth management division of Société Générale. Since joining the firm in 2012, he has helped to develop its macroeconomic view and translate this into a powerful investment strategy.

Kamal, who also chairs the Investment Committee at Kleinwort Hambros and sits on the Private Bank Global Investment Committee at Société Générale, previously worked for the US Agency for International Development and the RiskMetrics Group.

The current volatility in global equities has given many pause for thought, Kamal explained.

“We are generally cautious on the markets right now. We are slightly underweight on equities at the overall asset allocations level,” Kamal told Opto.

However, this is not the case across the board. “Within regions, we are overweight towards the US, which has obviously been a good place to be for a very long time and especially including the last few crazy months that we’ve had and that remains the case,” he said.

This viewpoint, he says, is quite clear and evidenced by the US market’s dramatic fluctuations over the past three months.


For more detail on the factors explaining Kamal’s position, listen below.


Or for more ways to listen:


Kamal explained how actions by the US Federal Reserve have helped boost liquidity.

“The goal has always been to maintain price stability and to maintain employment. Obviously, to do both of those things you need to avoid a huge, craterous recession,” Kamal explains.

He explains that when the Fed began to see markets freeze they flooded the market, causing a “huge tide of liquidity to make asset prices rise as a by-product”.


Listen to the full interview and many more like it, on Opto Sessions.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

Join the 40,000+ subscribers getting market-moving news every week.

Written by

Free ebook

Tricks of the trade: 7 interviews with the world’s top traders

Get it now

Related articles