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Thursday, March 28, 2024

A Tipping Point in Europe? Would It Impact the US?

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.


Three popular stock indexes in Europe are giving multi-year rising support a heck of a test of late. Each index may have created a rising wedge, which two-thirds of the time suggests lower prices are ahead.

Argentina, with its potential default of debt, seems to be in the news this morning. In my humble opinion, what Europe does from here is VERY important!

IF … If Europe is reaching a “tipping point”, this price action very well could ripple into the S&P 500. Europe exhibited similar behavior in 2000 & 2007. Stay tuned!

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