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SocGen Asks: ‘Will Euro Strength Kill The Eurozone Profit Recovery?’
Ok, well one thing we've been pounding the table on for a week is the extent to which excessive (whatever "excessive" means in this context) euro strength will undercut the bull thesis for European stocks.
This dynamic was on display on Friday and then again Monday morning, as a soaring single currency added to the downward pressure exerted by mushrooming reports of German automaker collusion (full story here).
The going narrative is that the trend of European equity underperformance has rever
