Flight of capital could lead to bear markets in banks in Poland
The WIG20 index faces uncertainty, especially with a bearish trend observed in bank stocks like mBank and Millennium, which have seen price rallies followed by declines exceeding 20% from their peaks, potentially marking the onset of a bear market. Amid fading commodity market rallies (e.g., KGHM, Orlen), finding sustainable drivers for further bullish trends is challenging, compounded by issues and capital flight from emerging markets.
