SocGen's Kaloyan Says 'Avoid U.S. Small Caps'

The video discusses global trade tensions, particularly between Europe, China, and the US, and their impact on equity markets. It highlights the importance of strategic stock selection in Europe, favoring domestic sectors and small caps less exposed to trade tariffs. The video also covers expectations for the euro and global markets, suggesting a focus on defensive sectors like healthcare and pharmaceuticals. It concludes with a forecast for the US market, noting potential downside risks and differences in small cap performance between the US and Europe.

What are the main factors currently affecting the European equity market?

How should investors approach stock picking in Europe given the current trade tensions?

What sectors are recommended for investment in the current market conditions?

What is the expected impact of monetary policy changes on the European equity markets?

What are the expectations for the euro and its effect on the equity markets?

What strategies are suggested for protecting investments in the current market?

Why is there a difference in the performance of small caps between the US and Europe?