Outlook 2025: Corné van Zeijl (Cardano)
This article was originally written in Dutch. This is an English translation
By Corné van Zeijl, Investment strategist, Cardano
‘The outlook for the economy is currently fluctuating just as much as the stock market itself. This is, of course, due to the (impending) trade war.
An additional effect is great uncertainty. In the US, many entrepreneurs say they plan to invest, while remaining cautious about possible policy changes that may occur in the near future. Investments are therefore likely to be limited.
We are also seeing this uncertainty among consumers. Uncertain people do not consume; they prefer to save. The advantage is that this sentiment can also blow over just as quickly. Suppose things remain calm for the next six months, then consumers may come out of their shells and consume as usual. Labour market figures are particularly important in this regard.
The opportunities for investors lie mainly in timing the market correctly. After “Liberation Day” on 2 April, we saw a strongly negative sentiment in the market. These are precisely the right moments to buy. Once the euphoria has subsided, it is a good time to sell. We are cautious on fundamental grounds, because equities are expensive and the outlook is uncertain.
The opportunities for investors lie mainly in timing the market correctly.
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