The lower percentage of European stocks setting new 252-day highs suggests the region's markets are teetering on the edge of a correction, explains Artemis European manager Mark Page.
Could the US yet be a land of opportunity for fund managers?
Artemis is seeking to launch five US equity funds for Cormac Weldon and his ex-Threadneedle colleagues as members of the team begin work in their new roles.
Artemis is to take over management of the Mid Wynd International investment trust as Baillie Gifford's Michael MacPhee retires.
Artemis is planning to launch a UCITS version of Tim Steer and Paul Casson's Pan European Hedge fund strategy later this year.
Artemis fund managers Adrian Frost and William Littlewood have upped their positions in UK life insurers after shares were hit hard by the Budget and the disclosure of an FCA probe into the sector.