Equities
This week our three screeners explore: Equity trades across the Euro Zone focusing on Technicals and Sentiment; US Oil, Gas and Fuel stocks; and European Small Caps.
Reassessing EM Profits…
Iran Risks, EPS Fragility Underscore Need For Caution…
Small Caps: A Head Fake Or The Real Deal…
Israel-Iran Tensions: June 18 Update…
ZEW Improves, But Eurozone Outlook Still Vulnerable…
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US Retail Worries…
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The Swiss Illusion: Strong Fundamentals, Weak Momentum…
The EM EPS recovery has been narrow, solely driven by TMT stocks in China, Korea, and Taiwan. EM corporate profits are set to contract in the next six to nine months. Unlike in the past, US dollar weakness will be deflationary, not reflationary, for EM share prices.
Switzerland looks pristine, but the near-term risks are mounting. Deflation pressures, overvalued assets, and a highly exposed export sector leave the economy vulnerable to a slowdown. This report explores why the SNB will ease more than markets expect, and how to position across CHF, equities, and bonds.