EUStoxx Roadmap Dec 2016

Updated

Entering crunch time. Draghi has ECB meeting this week, so lets see. Could surprise

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Quite running

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ECB meeting today. I see EUstoxx much better upside into Jan 2017 vs SPX

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Tentative target range in EUStx into 2018 is 3800/3900. Clearly, i expect post 1Q17, EU to outperform US by >10%

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Catch up in EU continues

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D wave could extend to 3390/3400 into January

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Min bounce to 3272 reached today. Any further bounce from here is extension

Related publications

Eustoxx Roadmap August 2016

EUstx Short Term Sep 2016

Eustoxx Roadmap Nov 2016

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