Thursday, January 22, 2015

an tSionna {01.22.15-Europe}

Europe as expected did its own version of quantitative easing today.  Here's a chart of the Vanguard FTSE European ETF.  Notice it's approaching a downward sloping trendline that has been in place since last summer.  We will have to wait to see how it reacts if and when it retests that trendline.  




*Long VGK in certain client accounts and certain investment strategies.