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German and European all-time highs

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A first new all-time high has not always been auspicious for European equity returns, but a series of all-time highs has been more bullish. We also focus on German equities and find a positive absolute case, but a more ambiguous relative case. A break-out in the German relative strength line and improving business confidence would suggest better prospects on a relative basis.

Ned Davis Research | Equities | Europe Focus | Monthly

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