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