Gavekal Capital: Cracks in European Momentum

Friday, July 11, 2014

Cracks in European Momentum

This week, the percent of issues above their moving averages fell across all time dimensions for MSCI Europe, registering an oversold condition on a shorter-term basis:

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Looking at the data in tabular format, the momentum weakness in Europe relative to other regions and the world has become more pronounced.

MSCI Europe
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MSCI World

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MSCI Asia Pacific

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MSCI North America

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