According to BofA, we've just seen one of the largest month-over-month allocations to European equities on record. Is this signalling a European comeback, or simply a rotation?
Additionally, even though it is hard to avert your gaze from the US at present, in financial markets there’s more excitement in Europe. Shares in the euro zone have underperformed the US for 17 years, in a trend accelerated by Donald Trump’s return to power. But in the last few weeks, the STOXX 50 index of European blue chips has enjoyed a bounce. It’s way too soon to say that a new trend is underway, but there are embers of enthusiasm for European equities out there. Finally.
But, even if we cannot outperform the US in financial markets, we may have a better quality of life, at least when it comes to taking holidays.
Sources: BofA Global Fund Manager Survey, Bloomberg, Valerie Noel, Kickresume
Yorumlar