European Stocks Surge To Longest Win Streak Since 2015 (As Economic Data Collapses)

European stocks are up seven straight weeks (the longest win streak since March 2015), accelerating into the green for 2018 this week...

All as European economic data surprises crash to their weakest since August 2011.

Once again - bad news is good news...

Draghi gets his excuse to keep doing "whatever it takes" and drone-like investors buy on his coat-tails.

Comments

Paul Morphy Fri, 05/11/2018 - 11:50 Permalink

Even the news breaking this week about it's faulty cars manufactured between 2007-2011, which all require to be recalled, didn't much impact BMW's share price.

 

As you say bad news is good news.

mendigo Fri, 05/11/2018 - 12:59 Permalink

Pro tip:

There is weak and inconsistent correlation between stock prices and economy.

Better correlation with fed chief trips to bathroom.

Are we seeing handoff to world central bank? When conditions get really bad equities go to the moon. Its your classic bad news is good news. Hope for nuclear war.