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Pictet WM remains overweight DM equities due to strong momentum

As economic and earnings growth momentum remains favourable, Pictet Wealth Management remains overweight developed market equities in 2018, highlighting the possibility of upside surprises in the market. “We remain generally bullish on euro area and Japanese equities,” Pictet said in its latest investment note. “We are less bullish on richly valued US equities, although that would change if there were…

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