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SPXT - Stagnation Never Looked So Good: A Peak Ahead
ProShares S&P 500 Ex-Technology
Forward-looking data is starting to trickle in. Germany has been a main area of interest for us right from the beginning, and by beginning, I mean euro$ #4 rather than just COVID-19. What has happened to the German economy has ended up happening everywhere else, a true bellwether especially manufacturing and industry.
The latest sentiment figures from ZEW as well as IFO are sobering. Taking the former first, it had been quite buoyant last year on the false promises, I believe, of last year's ECB QE introduction. The sentiment index had jumped positively though frustratingly