Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

2 posts found for March 2017

‘Are the French headed for a Frexit?’

The market is currently eyeing the upcoming French Presidential election with a cautious view as many associate a win for Ms. Le Pen with a French departure from the Euro-zone. What seems partially misunderstood is quite how much of a stretch ‘Frexit’ actually is – to focus on the 1st round of the Presidential election is to ignore the number of hurdles required to see France follow in the UK’s footsteps. Below, I explain what would be required for this event to unfold and why this appears unlikely. Source:…

‘European earnings outlook – more positive than you might expect...’

For European earnings, 2017 is so far panning out to be unusual - unusual because earnings are being upgraded for the market as a whole and for every sector within it. Whilst market commentators and investors continue to fret over macro and political concerns for Europe, the prospects for European corporate earnings are steadily improving. The chart below depicts the earnings revisions for the market as at the end of February over the last five years as well as this year - 2017 clearly stands out. Figure…