Barclays believes it is "far too early" to call the end of the cycle or to call the combination of lower growth ahead with stickier inflation "stagflation," which it said would require much lower growth and much higher inflation.
Having been bullish on European equity markets throughout the year, Barclays analysts recently reviewed their stance to suggest the risk-reward for owning "equities has become more balanced, which warrants a more balanced sector/style allocation and hedging with cheap volatility.
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