An Uncomfortable Market Truth In Europe

04/25/16 01:16PM EDT

An Uncomfortable Market Truth In Europe - Draghi Peter Pan cartoon 04.13.2016

Investors are slowly starting to acknowledge that the central planning #BeliefSystem has failed. Despite ECB head honcho Mario Draghi's best efforts, there's more evidence out of Europe's muddling economy this morning. 

Here's the latest data dump out of Europe:

https://twitter.com/KeithMcCullough/status/724580558471225344

No surprise ... it's been a rough year for European equities.

Here's a smattering of performance data across the Eurozone (1-year change):

  • EuroStoxx 50: -16.1%
  • UK, FTSE 100: -11.5%
  • France, CAC 40: -12.6%
  • Germany, DAX: -12.8%
  • Italy, FTSE MIB: -21.4%
  • Spain, IBEX: -20.6% 

 

An Uncomfortable Market Truth In Europe - europe stocks

Last week, Draghi did his best to instill confidence. European equities bounced. Today, it's back to what actually matters. The data.

Is the U.S. next?

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