... Equities Fall 80%+ Of Time 6 Months Post ECRI Peaks?
To such conclusion came Teun Draaisma today, the admired European equity strategist at Morgan Stanley. In addition to the overall tactical caution he suggests following for European equity sectors:
OVERWEIGHTS: Consumer Staples, Healthcare, Energy, Materials;
UNDERWEIGHTS: Tech, Consumer Discretionary, Financials, Utilities.
Click on chart to enlarge, courtesy of Morgan Stanley.
Hmmm. Who ever thought?
UPDATE: Here you can get more of Draaisma ...