Hedgeye CEO Keith McCullough has a warning for any investors thinking of allocating their money to Europe (or the Euro):
“Stay the hell away.”
The reason(s) why are the same as they’ve been since we first recommended getting out of European equities in December of 2017 - the data keeps getting worse.
Whether it’s Germany entering a recession, or the Euro continuing to sink against the dollar, there are plenty of reasons to invest elsewhere.
“Your best case is that the bottoming process could potentially happen,” McCullough explains in the clip above.
“'Potentially happening’ is not enough for me putting my hard-earned wealth there. There’s nothing to bet on there. It’s still a bad situation that’s getting worse.”