We have already looked at currencies today but the Euro is one we haven’t covered in great detail this year and in our opinion it’s now painting a clear picture to what comes next for both stocks under the hood and bond yields:
1 – The Euro looks poised to make fresh 2021 highs in the coming months.
2 – The read through for bonds is yields will continue to drift lower over the same timeframe.
3 – The read through under the hood for equities is interest rate sensitive stocks like Healthcare, IT and defensives in general should outperform the banks after playing 2nd fiddle through most of 2021.
MM is bullish the Euro
