I tend to be critical of most of the financial commentary I find out there, but Merkel is worth his weight in gold. I'm curious as to how the cyclicals' earnings will come out given the positive movement of EUR/USD during Q3. Weak dollar used to boost earnings but that won't be the case much longer, and not many analysts have cut estimates due to f/x changes. Personally, I'm short an auto supplier with huge EU business.
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I tend to be critical of most of the financial commentary I find out there, but Merkel is worth his weight in gold. I'm curious as to how the cyclicals' earnings will come out given the positive movement of EUR/USD during Q3. Weak dollar used to boost earnings but that won't be the case much longer, and not many analysts have cut estimates due to f/x changes. Personally, I'm short an auto supplier with huge EU business.
Oct 08 00:32 am
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