Credit: There were a lot of reasons to see markets pullback on Friday but most people were overthinking it. Once again Greece has been a sideshow and something that market players largely cannot get past the brinksmanship. We also had China raising margin requirements, and some other challenging headlines.
The interview also included(but the clip doesn't) comments on buying DAX weakness after a 5% move in 2 days. Europe remains the best EPS momentum, value, Dividend yield, and has the most to gain in the short to medium term from the currency move lower.
DAX taking back 1.6% this AM. If you want to hedge your currency exposure there are ETFs that can do this for you: $EUFX is one.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
