HSBC's Kettner Says Market Stress Is Mostly Technical, Not Fundamental

HSBC's chief multi-asset strategist Max Kettner told Bloomberg on October 19, 2026 that recent market stress is mostly technical, saying: "It is an incredibly technically-driven market." Here, technical means positioning and forced selling rather than weaker earnings or growth. Such moves can reverse once positioning clears, but the interview does not say how long that takes.