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Podcast: All into Account
Episode: Equity Strategy: Eurozone delivering on an improving risk-reward; Sector/style trading around the first ECB cut
Description: Speaker: Mislav Matejka, CFA, Global Head of Equity Strategy
At the overall market level, we remain concerned about the repeat of last summer’s drawdown, inflation staying too hot is a real possibility, market will not like it if bond yields move above 5%. Within this, we have made some regional changes in Q1, specifically we tactically closed our longstanding China bearish view, given 30%+ drawdown in the past 12 months. Also, we have upgraded Eurozone equities last quarter. To be clear, we don’t expect Eurozone to directionally decouple from the US, but it is interesting that in the rece...