BofA sees a 10% downside risk for European value stocks versus growth
Bank of America analysts see a 10% renewed downside for European value stocks versus growth by the fourth quarter. The bank said in a note Friday that they expect a shift of focus from inflation worries to growth concerns.
However, analysts are concerned about the macroeconomic outlook. They also highlighted the risk of a weakening US labour market. "Analysts also point to 10% renewed downside for European value versus growth by Q4, following the recent outperformance, leading us to lower value versus growth from marketweight to underweight."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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