Is Europe the new poster child for asset allocation in 2023? Perhaps, writes Maleeha Bengali, who says that as the Continent shows, it never pays to be invested in a one-sided way for too long, at least as it pertains to commodities such as natural gas.
What is really not priced in and not known is how bad will the 'higher for longer' rates of 5% be taken by the economy that is so levered in debt..ARKW