Europe is not leading…

We keep hearing that Europe is reflating, but there’s no convincing evidence from the financial sector.

 

Chart 1. U.S. financials versus S&P 500

 

Chart 2. European financials versus broad Europe.

By | 2017-05-04T13:15:42+00:00 April 20th, 2017|Categories: Market Strategy Report|0 Comments

About the Author:

Mark Ungewitter is a Senior Vice President & Investment Officer at Charter Trust Company. He was formerly Director of Portfolio Management at Investors Bank and Trust in Boston, Massachusetts. He holds an M.S. from Bentley University and a B.S. from Massachusetts College of Liberal Arts. He is a member of the American Association of Professional Technical Analysts.

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