A survey by Schroders has shown that 50% of clients expect European equities to be the best performing asset class over the next 12 months. Around a 20% said they favour US equities and 15% said they expect emerging market equities to be best performing over the next year.

Walter Zimmermann at ICAP US discusses how a divergence between price and momentum indicators has produced a sell signal of a weekly trend reversal in the S&P500.