Thoughts on ECB tone and what it means for European equities
Watching the ECB's recent hawkish lean has me rethinking my broader stance on European equities. We've seen some resilience in names like $ASML, currently around 1844.08, which seems to shrug off some of the macro noise, but the implications for regional growth and earnings are hard to ignore. Curious how others are adjusting their watchlist for potential rate hikes and what sectors they see holding up or taking a hit. Are we bracing for a broader pullback, or is this just a re-pricing of expectations?
It's not just the ECB; global tightening is going to hit earnings across the board. ASML is an outlier, but don't mistake that for sector-wide resilience. I'm prioritizing balance sheet strength over growth in Europe right now.