In a report published March 24, a team of analysts at Societe Generale presented seven key market recommendations to "reduce risk in an expensive world."
'Panic' Reallocation Out of Negative Yields In Europe:
Market News and Data brought to you by Benzinga APIs- Long U.S. government bonds in U.S. Dollars.
- Long bonds in Italy and Spain.
- 'More to come' on Euro area equities.
- Shift European into Asia ex-Japan credit.
- Short gold.
- U.S. sovereign curve: short the belly (five-year) and long the wings (two year and 30 year).
- Remain long the U.S. dollar – preferred shorts include the Australian Dollar and Japanese Yen.
- Short the Russell 2000, initiate long on the S&P 500 index.
- Long Equity volatility VIX.
- Remain long on the USD/JPY until 127.
- Tourism growth in Japan: buy "SG Visit Japan" stock basket.
- Buy the Japan companies with aggressive share buybacks.
- Enter 10s30s flatteners.
- Short the FTSE/long Euro Stoxx 50.
- Short the FTSE250/long FTSE100.
- Long basket- British Pound sensitive stocks/short FTSE.
- Long Euro area equities/short U.S. equities.
- Long Eurozone banks.
- Long French equities CAC40.
- Long Polish equities and local currency bonds.
- Long Indian and Chinese equities.
- Long Indian local currency bonds.
- Short Spanish equities/long Euro area equities.
- Stay short on gold.
- Position for "steeper" oil curve.
- Avoid oil-linked assets (i.e Russian Rouble, Canadian Dollar).
- Long base metals/short precious metals.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Analyst ColorAnalyst Ratingsbritish poundCAC40Canadian dollareuroEuro Stoxx 50Eurozone BanksFederal ReserveFTSEGoldJapan yenRussell 2000S&P 500 IndexSociete GeneraleU.S. DollarU.S. Government BondsVolatility VIX
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in