Le Pen Is The Last Thing Standing Between Equity Bulls And The Promised Land

Le Pen Is The Last Thing Standing Between Equity Bulls And The Promised Land

The Trump-flation narrative has driven U.S. stocks to valuations last seen in the tech bubble. On a relative value basis, Europe is a bit more appealing. As a result, hedge funds have been increasing their equity exposure to Europe since early 2017. The Fed is also in the middle of a rate hiking cycle while […]