A JP Morgan analsyst likes equities in Japan and the UK.


  • “Even though it feels that Japan is a consensus overweight, we think that flows are still at an early stage and can support further outperformance of the region”
  • further sup[port is expected from economic relation
  • also efforts by the Tokyo Stock Exchange to improve shareholder returns and corporate profitability


  • is a “record cheap” market within Europe
  • “UK is a typical low beta play, and last year equity indices were strongly up. If the equity market becomes more volatile, with challenge to the Goldilocks narrative, UK could see a tailwind.”
  • attractive also due to its high dividend yield
Goldman Sachs outlook for the Fed is here:  Q1 2022 taper, rate hike 2024