A tale of two continents

European markets were weighed down last week by heightened political uncertainty emanating from France, while US markets enjoyed a solid week on the back of encouraging inflation data. The divergence was clearly visible in relative equity performance, with the weekly gap between the S&P 500 (+1.6%) and the French CAC 40 (-6.2%) the widest since early March 2022, just after Russia's full-scale invasion of Ukraine. Investors looking for safe-haven assets pushed gold higher and yields lower. Mensur Pocinci, Head of Technical Analysis, explains why he would still wait before turning bearish on European equities, why yields could very well fall further and why he still likes large-cap US growth stocks.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)07:07 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)10:19 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.