Three months into 2017, Europe finally seems to have broken free of the economic uncertainty that has plagued it for a decade, yet the region remains priced at multi-decade lows versus the US, on a relative valuation basis. In this article, Tim Stevenson discusses the impact of irrational news on investor sentiment, and whether or not the market rotation we saw in the second half of 2016 is now fully ‘priced in’.
- Is fake news distorting rational thinking?
- A long overdue return of earnings growth
- Trump and Brexit fuel a trend of worry
- Growth vs value – a matter of perspective