Clouds Gathering Above European Stocks After Dismal Quarter
- With rollover in macro, resurgence of euro rally, stocks sag
- Mood has changed from “buy the dip” to “sell the rebounds”
State Street's Metcalfe Says Tech Rout May Boost European Stocks
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This was supposed to be the year when a raft of good news would send the Stoxx Europe 600 Index within flirting distance of 2015’s record high. So far, investors have gotten the opposite.
February’s rout -- sparked by a quick surge in U.S. bond yields and fueled by a sudden tech selloff -- rolled into fears of a global trade war. Strategists who advocated “buying the dip” are starting to recommend “selling the rebounds” as a strengthening euro and disappointing economic indicators and darkening the outlook.