Any idea what the Top-3 stock markets in the world are year-to-date?
They are all European. Greece, Portugal, and Austria. Incidentally, European Stocks handily beat US and Asian Stocks last week with Spain +5.0% and Austria +4.9% leading #GrowthDivergences.
We expect this outperformance to continue, provided that the US Dollar doesn’t breakout versus the Euro.
Take a look at our #GrowthDivergences Macro Theme for Q1. (Ping email@example.com for access.)