This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
In spite of what we are seeing in the United States, which is basically lifetime highs day after day (weekends excluded)………
……it simply ain’t so across the Atlantic. Simply stated, if Powell isn’t throwing trillions at equities, things aren’t so hot. Thus, we have the Europe 50 STOXX futures:
And, an even cooler chart, the FTSE:
Look like some pretty monstrous overhead supply to you? It sure does to me.
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