Friday Morning Coffee Nr. 66: Out of Focus

190719 Friday Morning Coffee

Friday Morning Coffee Nr. 66: Out of Focus

At the end of March, we commented in Friday Morning Coffee Nr. 50 that shorting European equities had become the most crowded trade on Wall Street. To us, this was understandable at the time from an international perspective as the political noise level remained particularly high with the Brexit drama, political uncertainties in Italy and France and an upcoming European elections. We also took note back then that shorting value stocks still appeared amongst the 7 most popular trades.