Category: US

China: Newsroom doom and gloom

It seems you can’t open a newspaper without reading another negative headline about China. Most ‘western’ financial journalists love to write about trade wars, currency manipulation, shadow banking and mounting debt, the narrative being that China has a myriad of problems, the scale and potential ramifications of which are huge.… Read the article

Is the healthcare sector really cheaper than consumer staples?

Superficially, the healthcare sector in Europe looks attractively valued relative to consumer staples, but on a cashflow basis the relative valuation argument disappears. This may reflect more aggressive earnings adjustments in European healthcare.

In the US though, the valuation gap between healthcare and consumer staples does look more real and… Read the article