Sumus' Version - Q1 2018
The last quarter of the year is likely to be another excellent one in terms of performance for equity markets. In the USA, the Tax Reform is close to be delivered, triggering a boost to future corporate profits. Indeed, US Equities have constantly surpassed new highs (+ 6% since the end of September), leaving European equities way behind with a poor 1% increase since the end of September. On the High Yield side, the performance is marginal.
In this Sumus’ Version, we will analyse the risk of a change in the scenario while investigating what makes Europe a laggard in the world of Equity markets.