Here’s an overview of five topics and charts that I covered in my latest edition of the Weekly Macro Themes report.
You can view the entire report over at TopDown Charts.
Also be sure to check out the 2018 End of Year Special Edition to see some of our best calls of last year and charts to watch for the year ahead.
This week we covered the following investing topics and market ideas:
1. Global Equities – Market Cycle:
Global equities have been relatively resilient to the global growth scare, yet potential growth reacceleration, improved valuations, and major bottoming signals support the outlook.
2. Emerging Markets Macro Analysis & Policy:
With valuation and sentiment on the positive side, improving leading indicators, and a clear policy pivot, the outlook for EM (equities) remains decent.
3. Japan Equities:
Japanese equities look favourable on valuations and sentiment.
4. Eurozone Equities:
Positive on relative value and rebounding economic/earnings momentum.
5. United Kingdom (UK) Equities:
UK equities are cheap (cheapest among major DM on an ERP basis), and still see considerable pessimism and light allocations (interesting for contrarians!).
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.