I think people don’t give enough credit to Draghi for the firepower that he has. Economic data in EU gives intensive for QE4 and a lower Euro much more than loosening in the US. Pull up a ratio of HEDJ vs SPY. Quantitative model needed a daily close over 1.1380 to shake off weakness. Price ticked it and now < 1.1196 the model is looking for 1.0879 for a major inflection point. This could take a few weeks to get down there but if it does, you’re looking at Euro/USD going to parity by mid 2016. This means EU equities should outperform US and ill be looking at cyclicals there.
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