Another great report from the Swiss Wealth Management team re affirming many of the allocations and trades of our own in recent weeks.
Equities stretched aside from large caps with significant EM exposures. Good call i believe although i think the over valuation can extend here further.(More tech tomorrow on this near term issue).
WTI under valued and Oil as an asset class due a bounce. Also they forecast an extension to the US$ weakness, ditto.
Further stretch for junk narrowing the spread with the 10yr Ts.
I can’t comment on the specific stock recommendations as yet. I’ll pick them up in the next few days and make a tech and fundamental comment.
Here the useful report.
Cheers
Rich