Hooray for QE Europe!

As predicted, European indexes are at 14 year highs,  much due to their quantitative easing efforts. The European YTD gains have surpassed their US counterparts, but the returns for US investors were tempered by the strength in the US dollar. We believe that Europe will continue to gain as earnings revisions should remain strong when compared to the weakened revisions in the US.

Historically, QE usually helps equity valuations. The QE European environment has increased valuations and they are getting closer to US valuations. QE should continue to help increase European equity valuations.

Please feel free to call us directly.  You can follow Granite Group Advisors on LinkedIn and learn more about our Wealth Management and Corporate Retirement Services on our Website.

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