Home market This chart shows market frothiness in Europe: European equities trading at 17 times earnings, well a

This chart shows market frothiness in Europe: European equities trading at 17 times earnings, well a

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This chart shows market frothiness in Europe: European equities trading at 17 times earnings, well a

This chart shows market frothiness in Europe: European equities trading at 17 times earnings, well above 10y avg of about 14 times. 90% of Stoxx 600 trading >200d MA, most since 2017, near a level that turned out to be a technical sell signal in the past. h/t Holger Zschaepitz

This chart shows market frothiness in Europe: European equities trading at 17 times earnings, well a

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