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Are GRANOLAS a risk to market health?


The strong performance of GRANOLAS has helped increase European market concentration above the highs of the dotcom bubble. However, high market concentration does not necessarily mean that European equities are heading into a bear market. And while the largest European stocks are highly rated, we are far from the valuation extremes seen at the peak of the dotcom bubble.

Ned Davis Research | Equities | Europe Focus | Monthly

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