It is easy to see the current pervading gloom over growth continuing into 2015. However, the irony is that while confidence over earnings expectations have plummeted, sales estimates are picking up. This is further strengthened by two key tailwinds: a weakening oil price and the falling euro.
This scenario has created a fertile backdrop for stock picking, as it is likely to be the individual company fundamentals powering the market growth from here. While the weak macro environment is set to persist for some time, we have recently added to a number of stocks across three different themes, that are poised to prosper despite the gloom