Despite geopolitical tensions in the United States and Europe, economic growth remains solid. Recent economic indicators have been surprisingly positive especially in the Euro zone
Pascal BLANQUE - CIO Amundi
France or the United States: where does the real danger lie for equity markets?
While the risk associated with the elections in Europe is increasing, we are more concerned with the overvaluation of the leading market (the United States). To simplify, the equity markets maintain hope of gaining 5-10%, but that investors seeking to profit from it are running the pending risk of facing a shock of 20%.