Last Time Strategists Were This Bullish, European Stocks Tanked
Market Intelligence Analysis
AI-PoweredStrategists are predicting a 7% rise in the Stoxx Europe 600 Index by the end of next year, reflecting a strong bullish sentiment among analysts. However, this optimism is tempered by historical precedent, as a similar bullish outlook in 2018 preceded a significant market decline of 13%.
Market impact analysis based on bearish sentiment with 75% confidence.
Article Context
The Stoxx Europe 600 Index is expected to rise about 7% by the end of next year, reaching 620 points, according to the median forecast. The last time strategists were this uniformly bullish was for 2018, when the Stoxx 600 plunged 13%. True bears are nowhere to be found among the 17 strategists polled.
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