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Old 06-07-2013, 05:37 PM   #1
Ground Beetle
 
Join Date: Apr 2013
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French investing

Investment recommendations from Societe Generale. Go ahead jump in, the water is fine. Nothing to worry about.

#1: Global equity sectors: prefer banks and consumer cyclicals over consumer staples such as food, beverage and tobacco. Country exposure: prefer eurozone peripheral equities to US stocks. Valuations are clearly supportive.

#2: Rates: prefer exposure to Spanish government bonds over German paper. Bund
yields should rise as economic activity in the euro area bottoms out.

#3: Forex: prefer the [British pound] GBPUSD -0.27% over the Swiss franc EURCHF +0.50% . We do not expect [incoming Bank of England Gov.] Mark Carney to announce additional QE when he joins the BoE; we know the [Swiss National Bank] is seeking to weaken the [franc].

#4: Commodities: prefer base metals over precious metals. The tapering of QE in the US and resulting dollar appreciation should continue to drive headwinds against gold.
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