2 useful tables from Deutsche Bank that give a view on fundamental trends and valuation ratios for several market places + a deep dive into European markets (geographies/sectors/size).
The bank expects the Stoxx Europe 600 to be about flat over 2018, before contracting by 19.5% in 2019, in part due to the anticipation of a US slowdown by 2020. By 2 years time, the European market should endure a krach. Continuer la lecture de « SocGen Bearish On European Equities Going Into 2019… »
US equity market could continue its run next year with the risk that investors fall into euphoria. Continuer la lecture de « Merrill Lynch Sees S&P 500 at 2,800 end 2018… With Some Risks »
2017 has been a pretty good year for credit investors so far, and this might continue providing inflation doesn’t accelerate too much, according to Bank of America Merrill Lynch credit strategists. Continuer la lecture de « Credit : Merrill Lynch cautiously optimistic for 2018 »
Over the last 8-9 years, financial assets have had a good run, but now valuations look stretch and expected real returns are low. Continuer la lecture de « Where is the Cycle ? What Should My Asset Allocation Look Like ? »