Q1 left investors scratching their heads as significant earnings upside was met with disappointing price action. Adam Murl, Head of Research, discusses why many of the popular concerns are unwarranted and why we don’t believe earnings have peaked. Also, we turned tactically positive on Energy owing to a technical breakout and the oil supply-demand imbalance tightening more than expected due to strong demand, challenges in Venezuela and increasingly hawkish U.S.-Iran policy.
