“Market sentiment may remain positive if we don’t see an economic slowdown and inflation also doesn’t surprise. However, areas of excess have built up, and underscore the need to remain vigilant.”
Topic of the Month
A window of opportunity for European equities
- After a strong 5-month rally, global equity markets, driven by the mega caps, are implicitly factoring in a strong rebound in the economy and profits.
- A breather and/or a broadening of the participants in this rally make sense, opening a window of opportunity for lagging cyclical and value stocks.
- European markets could participate, with small caps also joining in eventually. Their profits have started to outperform, unlike their share prices, making them more attractive.
Summary
Topic of the Month
Macroeconomics, Geopolitics, and Strategy
Global Investment Views
Macroeconomic and financial market forecasts
You can now read the full whitepaper at the link below
