Our reports

We were previously underweight Europe and overweight US, even before Trump was elected (since the beginning of October, see our October Asset Allocation monthly). We confirmed this trade on the very day the new president was elected and we were proved right. Since then, the S&P500 has gained almost 5% in USD (7.5% in EUR) whereas the Eurostoxx Large has lost in excess of 1.5% in EUR...