What to expect for equity markets in 2019?


This time last year, in their Equity Outlook 2018, Societe Generale Equity Strategists presented a cautious view for equity markets in 2018. Since then, the MSCI World has lost 9% from its January high, and, while they have identified a handful of factors that could provide some relief to equities in 1H19, longer term, they remained extremely cautious and recommended that equity investors protect portfolios from more restrictive monetary policy, political uncertainties and trade tensions.

In their latest publication, the team shares their convictions on markets and some key recommendations to navigate these difficult equity markets. In coordination with equity analysts, strategists highlight opportunities and risks on each European sectors, looking at valuations, profitability, growth prospects, balance sheets and fundamentals. To assess the resilience of each sector, the team has done an historical analysis of sector earnings during previous economic slowdown. The report also includes an update of the SG Premium List (list of 17 favourite stocks of SG Research), as well as thematic baskets designed in coordination with equity analysts.

See below links for details on how to access Societe Generale Equity Strategy Research – The Big Picture – Outlook 2019 on SG Markets Research and Insights.

SG Cross-Asset Research is composed of more than 200 Analysts, Strategists, Economists and Quant, combining their expertise into ‘Research-based’ and innovative solutions suited to client’ needs: fundamental studies and expert views, investment ideas and long-term strategies, trade ideas and tactical baskets, thematic and systematic indices, quant solutions. On top of its established UK and Western European base, SG Cross-Asset Research benefits from a global coverage thanks to its presence in the US and in Asia (Hong Kong, Singapore, Tokyo and Bangalore) and Societe Generale local networks in Eastern Europe.

This editorial contains financial analysis which reflects the opinion of the Cross-Asset Research department of Societe Generale at the date of its publication. It does not necessarily reflect the views of the other departments of Societe Generale nor the official opinion of Societe Generale. This interview is dedicated to institutional and professional investors and is not deemed to be seen and used by retail investors for investment purpose. The viewers shall consult their own financial advisers to make their own appraisal.