European equities: will inflation be transitory for longer?
John Bennett, Director of European Equities, discusses growth versus value, whether he believes inflation will become more persistent and what this means for European equities.
- The valuation of growth stocks has been stretched to extreme levels. We believe this provides an opportunity for the value stocks which have been left behind.
- It is important not to become rooted in a single and one-sided view on inflation. Our view is that inflation will be ‘transitory’ for longer at the very least.
- History proves that you cannot control bond markets and we would be unsurprised if the bond market gets spooked.
5 minute watch