Société Générale has been calling for clients to rotate out of US stocks and into European stocks predicting the S&P 500 will fall...

Société Générale has been calling for clients to rotate out of US stocks and into European stocks predicting the S&P 500 will fall by around 15% when the Federal Reserve winds down its quantitative easing program. Paul Jasckson an equity strategist at SocGen, writes that equity valuations in Europe are attractive and with a bit of economic growth the next few years could be quite rewarding. Jackson has put together 12 charts that look at not just where we are in the current economic cycle but importantly where that cycle fits within broader economic history. (VIEW LINK)