Midyear Portfolio Review: The Rotation Worked. Europe Didn't.

This midyear portfolio review by Philipp D. Dubach reflects on the performance of various assets, with notable underperformance in European equities compared to other global markets. While emerging markets and US small caps performed well, Dubach's overweight in European stocks and Bitcoin did not yield favorable results. The review highlights a lack of significant catalysts for the European market recovery despite macroeconomic conditions suggesting potential growth. Future strategies include cautious adjustments to portfolio allocations based on current prevailing trends.