TERADAT SANTIVIVUT
Like their peers in the US, European stocks enjoyed quite a rally over the last two months of the year.
In early December the STOXX 600 broke out above the resistance of the summer highs, and while momentum
European Golden Cross
Summary
- Like their peers in the US, European stocks enjoyed quite a rally over the last two months of the year.
- In early December the STOXX 600 broke out above the resistance of the summer highs, and while momentum has slowed in the last couple of weeks, earlier this week the index experienced a golden cross.
- Contrary to conventional wisdom, golden crosses in the STOXX 600 have not necessarily been a precursor of better-than-average returns.
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