Highlights from our latest issue:
Renewed Sino-US trade tensions trigger a violent market correction, with investors badly placed for the move.
US equities face multiple headwinds, including index concentration, elevated EPS and valuation, and economic uncertainty.
While the FTSE100 index is exposed to contagion from global equity markets, its exposure to mining and basic materials companies means the index is defensive.
DAX40 12-month forward EPS has climbed to 10.1%, but upward revisions to earnings appear highly concentrated, with the IBES 12-month forward upgrade/downgrade ratio negative.