Good chart and insight here from Guggenheim:
The ZEW euro zone macroeconomic expectation index rose to a 4-year high of 59.1 in October, indicating a majority of financial analysts and institutional investors are now optimistic about the euro zone economy over the next 6 months. This survey has historically been a leading indicator for euro zone corporate earnings and given the strong economic outlook in the region, we expect a sustained recovery in corporate earnings, creating a tailwind for European equities.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.