Oldstrand is positioning for a rally in global equities, citing de-escalating geopolitical tensions as the primary catalyst for renewed market optimism.
The asset manager’s bullish stance comes as traders digest reports of advancing diplomatic negotiations between the United States and Iran, a development that has already sparked a positive reaction across Asian markets at the start of the week.
The shift in sentiment reflects a broader repricing of geopolitical risk.
Earlier in the week, global equity indices advanced as investors reacted to indications of a potential peace agreement between Washington and Tehran.
This diplomatic progress has significantly lowered the perceived threat to shipping lanes in the Strait of Hormuz, a critical chokepoint for global energy supplies.
As the risk of disruption recedes, the premium embedded in energy and equity valuations is beginning to unwind.