weekly_jun_6_18

Among other things, the following is discussed,

” … While some sectors of global equity markets have risen dramatically, especially the technology sector, others have fallen dramatically, such as European banks, especially Deutsche bank. This divergence of opinion on equity pricing is partly driven by divergent expectations about forward economic growth. Euphoria, in the technology sector, is now driving the overall US equity market higher, and technology is beginning to dominate the ongoing fortunes of the US equity markets, since the GFC. By way of contrast, pessimism about European growth is weighing on the European banking sector …”