Last week we discussed why buying
European stocks now, following the recent
stimulus announced by the ECB, is very
different from buying U.S. stocks during
periods of Fed stimulus in recent years.
This week we take a deeper dive into the
investment opportunity in Europe and evaluate
fundamentals, valuations, and technicals.
We recommend that investors “fight the ECB.”
We do not believe the additional stimulus
is enough for us to recommend European
equities over U.S. equities at this time.