Gavekal Capital: Are European Equities Due for a Short-Term Bounce?

Monday, July 28, 2014

Are European Equities Due for a Short-Term Bounce?

Constituents of the MSCI Europe have hit oversold levels on a short-term basis, as evidenced by the low percentage of companies outperforming The World Index:

New lows have expanded modestly for most sectors in MSCI Europe:

Finally, the number of declines has overwhelmed the number of advancing shares, particularly in the last month or so:

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