A Low in Positive European Earnings Revisions?

It’s tough to find a great deal of optimism in or about European equities these days.  And, while the percent of issues with positive earnings revisions over the last six months has reached multi-year lows in most sectors of MSCI Europe, it is noteworthy that such extremes tend to remain in force for at least five or six months– meaning we would not expect a rapid rebound in positive revisions anytime very soon.

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