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Syconvictions: Market Outlook & Asset Allocation | July 2025

In Short

Sycomore Asset Management shares its July 2025 market outlook in this new edition of Syconvictions. The focus is on European equities, credit market resilience, and the divergence between economic indicators in a shifting global landscape.

Syconvictions: Market Outlook & Asset Allocation | July 2025

Message from the CIO

US stock markets experienced a “Magnificent 7” effect after concentrating value creation, earnings growth and unprecedented returns in 2023 and 2024. While the causes differ, the consequences are similar in Europe for defence and financial companies in 2025, as the latter concentrate most of the impressive market rally, which currently stands at 10% in Europe, but only 2% without their contribution.

 

Download the full commentary below:

SYCONVICTIONS 07 2025-eng.pdf
Cyril Charlot

Pierre-Alexis Dumont

Chief Investment Officer

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