Hugh Gimber is a Global Market Strategist based in London. He is responsible for generating research-driven analysis on the global economy and markets, and communicating this to clients and the media across the UK and Europe. Prior to joining J.P. Morgan Asset Management, Hugh worked as a multi-asset investment strategist at BlackRock. During this time he produced research on a range of economic, market and geopolitical issues, and delivered this to clients. Hugh holds a first class honours degree in Mathematics from the University of Bristol and is also a CFA charterholder.
The outperformance of US stocks relative to European counterparts has been one of the defining characteristics of equity markets in the post-crisis period. This piece highlights how two sectors—technology and financials—have played a key role in driving the divergence between the two regions over the past decade. We then debate the potential catalysts that could trigger a reversal of recent trends.