Amundi Blasts Big-Tech Hype, Warns Stocks Are 20% Too Expensive bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Vincent Mortier, Group CIO of Amundi, Europe s largest asset manager, expects the US Federal Reserve to cut rates in June, not March, due to the softening economy and the need to support the US economy in an election year. Mortier also believes that the market is not prepared for this and there will be a repricing of stocks when investors realize that earnings will not grow as expected.