Deutsche Bank says it's now overweight Europe stocks vs. the U.S. Valuation is just one reason. [Yahoo! Finance]
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Source: Yahoo! Finance
There's never been a bigger valuation gap between European and U.S. stocks, and that's not the only reason why Deutsche Bank now says it prefers equities on the Continent on a tactical basis. Strategists led by Maximilian Uleer say the price-to-equity ratio between the U.S. S&P 500 SPX and the Stoxx Europe 600 XX:SXXP is now the largest on record, at more than 8 percentage points. Most Read from MarketWatch The market's wobbling. Here are BlackRock's shields for the biggest risks. ‘I've never been happier': I married a wonderful lady from Ukraine. I have two successful kids. Do I put my wife on the deed to my home? ‘It feels like retaliation': My sister is estranged from her daughter and wants to donate her inheritance. Is that weird? ‘I'm rich beyond my wildest dreams': I'm 66 and inherited $500,000. How do I make sure this money lasts? Wall Street's riskiest stocks are melting down as retail traders face ‘day of reckoning' And they say even excluding Magnificent Sev
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