What’s top of investors’ minds this week?

Although US equity markets rose 1.8% – 2.0% last week, the futures are down as we write, and Asian markets are extending last week’s weakness. Importantly, all of the US’ gains came from higher valuations; Factset reports that earnings estimates fell 4% in April – May, an abnormally large cut for the period on average over the past 20 years. Earnings estimates have begun falling in most markets after gains earlier this year.

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Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.