So... the Spanish market has actually OUTPERFORMED all the other european indiced in the past year and actually YTD: investing.com/indices/indices-futures --> "Performance"
that makes no sense... a country/economy which were on the edge of bankrupcy in the last financial crisis. Why has this economy outperformed all the other eonomies? it makes no sense.
IMO a short position for the rest of the year (if needed) should be in order. As soon as the ECB raises the interest rates, just watch Spain (and Italy for that matter) it will go down and struggle like all the southern european countries has done for ages.
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