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ForennameÖsterreichische Aktien im In- und Ausland
Betreff des ThemasOur Global Equity strategists keep their bullish equity view for 2019
URL des Themashttps://aktien-portal.at/forum/../forum/boerse-aktien.php?az=show_topic&forum=124&topic_id=203844&mesg_id=210649
210649, Our Global Equity strategists keep their bullish equity view for 2019
Eingetragen von Warren Buffett, 23.6.19 18:10
• Our Global Equity strategists keep their bullish equity view for 2019, believing that the Growth - Policy trade-off is much better than it was in 2018. Positioning is light, USD might be peaking and the yield curve stop flattening. They believe that even as the Fed undertakes cuts in 2H, this should not be seen as a confirmation that growth will weaken further, but as an insurance policy. The team this week advised to reverse their longstanding OW on Eurozone Exporters vs Domestic plays, partly given the 25% run ytd. They now think one should go outright long Domestic plays vs Exporters on the continent, driven by the potential bottoming out in Euro and a stabilization in domestic activity. M1 in the region has been picking up, which suggests the worst of the weakness is possibly behind us. In UK, they advise the reverse, to be long Exporters vs Domestic plays, as politics is likely to descend into a lose-lose proposition for domestic plays. On the other hand, the weaker GBP should provide relief to Exporters. Overall, they keep their preference for the US vs Europe, and look for a rotation in sector/style leadership in 2H.

JPMorgan
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