Looking ahead, Jonathan Stubbs, Citigroup’s head of Europe and U.K. equity strategy, believes European stocks could jump another 14% in a bearish case scenario this year as the ECB’s stimulus measures, improving economic data and resolution to the Greek debt problems fuel gains, reports Inyoung Hwang for Bloomberg.
“Europe has become a good news story,” Citigroup analyst said. “In an artificial (QE) world, why should equities be the only asset class trading at/around some fair value measure? We don’t think this can last much longer.”
WisdomTree Europe Hedged Equity Fund
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Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own shares of HEDJ and SPY.