QQQ - Global Equity Valuations: Pockets Of Opportunity

2024-04-06 01:20:00 ET

Summary

• Global equity valuations are stretched, characterized by the U.S., Europe and Japan all sitting at or near record highs.
• Amidst the elevated valuations, pockets of opportunity are emerging - especially within U.S. small-caps and in Latin America.
• Emerging markets present a mixed bag. India remains on the pricier end, and China’s market is likely to continue struggling unless policymakers introduce new and impactful stimulus measures.

By Seema Shah, Chief Global Strategist

Global equity valuations are stretched, characterized by the U.S., Europe and Japan all sitting at or near record highs. However, amidst the elevated valuations, pockets of opportunity are emerging - especially within U.S. small-caps, buoyed by favorable economic conditions, and in Latin America, where compelling valuations align with strong fundamentals. ...

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