Lombard Odier Investment Managers (LOIM) believes that while central bank rate cuts and China’s stimulus have boosted markets, valuations remain a concern. “Are markets now simply too expensive?” is the central question of a recent market insight.

LOIM’s multi-asset valuation models indicate that equities have up to 15% upside until the end of the year. “There is still room for improvement as the year draws to a close, despite already very positive performance,” said Florian Ielpo, Head of Macro, Multi Asset, at LOIM. “Nevertheless, the upcoming US elections could introduce a degree of volatility over the coming weeks—enough to keep us on our toes until November,” he added.

Read the full insight here.