Inside Track: What’s Next for “Europe’s NASDAQ”?

Europe’s Stoxx 600 Technology Index fell almost 40% early this year – but then recovered. In July, it actually made a new high for 2020. However, we are now keeping an eye on Europe’s financial sector, which is flashing an important message. Free, discover what it is in our Inside Track.

October 14, 2020

In December 2019, the European Commission launched a new €3.5 billion technology fund to speculate on early-stage technology firms.

That month, our Global Market Perspective described the bearish implications like this:

When government gets into the act of speculation, the top is usually way past having occurred.

Less than 3 months later, Europe’s Stoxx 600 Technology Index fell almost 40%.

However, since then “Europe’s NASDAQ” recovered and in July actually made a new high for 2020.

Now, we are keeping an eye on Europe’s financial sector, which is flashing an important message.

Free, discover what it is in our Inside Track