Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Chief Investment Strategist
Summary: Today's Footonomics is about France vs Germany, which for historical reasons but also because both teams have high quality, will make this one of the biggest matches in EURO 2020 in the group stage. France ekes out a small victory on macro numbers but a huge win on hilarious football quotes. On equities SAP beats LVHM in a tight match on equity fundamentals, but if we were to beat on the future LVMH will likely do better than SAP. Steen's and Peter's prediction is that the match will be an entertaining one finishing 2-1.
Match: France vs Germany
Macro: Nationalelf vs. Les Bleus
Best football quotes:
Overall Macro is a draw.
Equities: LVMH vs SAP