European Quant Strategy Style Investing_ Is the QMI ‘Recovery’ now a defensive trade_
standard chartered·2024-10-01 12:42
J P M O R G A N Global Quantitative & Derivatives Strategy 25 September 2024 European Quant Strategy Style Investing: Is the QMI 'Recovery' now a defensive trade? • Is the QMI 'Recovery' now a defensive trade? Global equity indices continue to flirt with their all-time highs. Investor sentiment remains bullish (JPMEQGSI Index), but edging down from recent peaks, central banks are easing policy, the US dollar is slipping, and the European QMI is suggesting 'Recovery' (OW Small Caps, Value, and Risk, vs. Larg ...