European equities have outperformed the US so far in 2025, especially after Euro Area economic surprises started outperforming as the US is starting to disappoint. The current leadership change between US and European assets reflects…
Despite the broad market being expensive and overbought, value plays across US equity sectors exist. Real Estate, Communication Services, and Consumer Staples offer cheaper valuations with higher quality attributes relative to…
Trump’s ceasefire talks are positive for Germany – and so was the German election result. But Trump’s tariffs will hit Germany soon. Investors should use near-term volatility to increase exposure to Germany.
The February Ifo Business Climate index for Germany slightly missed estimates, staying unchanged from 85.2 in January. While respondents’ assessment of the current situation weakened, expectations rebounded to 85.4 from 84.3. …
Our China strategists assessed the outlook for Chinese stocks in the aftermath of the DeepSeek hype. DeepSeek’s innovations will boost China’s productivity and technological advancement but are unlikely to create a strong…
Two of our favorite indicators recently sent important signals. The first one, the short-term stock-bond yield correlation, recently drifted back to neutral territory after being negative. The correlation had been negative since…
Eurozone banks have quietly outpaced the Magnificent 7—can they keep winning? With strong balance sheets, rising profitability, and structural tailwinds, European lenders still offer value despite short-term risks. Meanwhile, German…
This week, our three screeners cover equity plays in European Defense, Chinese Tech, and “Boring Stocks”.
Our Private Markets & Alternatives strategists built on our European and GeoMacro strategists’ recent work, and looked at the private credit and equity opportunities in Europe. Structural reforms and macro catalysts are…
DeepSeek's AI breakthrough will likely enhance China’s productivity gains. But does it justify a re-valuation in Chinese tech stocks? Sustaining the Chinese tech rally will require corporate profits to overcome the pressures of…