It's now between the jabs and the jab-nots
In this episode, Mark is joined again by Thanh Cung from Julius Baer's Portfolio Management team. We hear their thoughts on the start of the Q2 earnings season - where we expect to see record high earnings growth, the continued rotation in equity markets - a key theme in our mid-year market outlook - and most notably the reversal in the so called 'reflation trade' seen in Q2. To close the discussion on equities, Mark and Thanh also discuss Julius Baer's recent downgrade of the value segment of equities - comprising sectors such as energy - to neutral. Finally, following recent talks among the Organization of the Petroleum Exporting Countries - OPEC - and other key oil producers such as Russia to lift oil production, Thanh explains what impact this could have on the current oil market cycle.