"SocGen Warns of 'Greedflation' and Economic Slowdown"

Societe Generale advises investors to favor risk assets as long as corporate earnings and Federal Reserve rate-cut projections remain favorable, but warns of increasing volatility in the second and third quarters due to potential stalling of U.S. disinflation and tougher EPS comparisons for the Nasdaq-100. The bank recommends selling highly leveraged assets and highly-indebted U.S. small caps, cautioning that non-recession Fed rate cuts are adjustments and not the start of a cutting cycle. Meanwhile, U.S. stock-index futures are lower after some bank results disappointed, and key asset performances show mixed movements.