Monday Macro – Europe, industrial metals spiking, WFH and desk sharing

Deutsche bullish on European equities, why industrial metals might spike even higher, and WFH switches to desk sharing (terrible for REITs. Plus the Faangs look cheap in my weekly dashboard

The future of offices - lots and lots of empty, shared, desks?

European corporates looking strong

One of my consistent macro calls of the last few months has been that European equities look cheap, especially as earnings growth picks up speed – assuming of course that the Russians don’t spoil the party, Deutsche has just released their top-down asset allo…