Anyone found a credible FA trigger for a big run on indices or commodities?
I've been reading good things about European indices, but then I saw this from Credit Suisse summing up last month:
"June 30 (Reuters) – After a choppy day, European shares sealed their worst month and first quarterly loss in a year as worries over signs of tightening monetary conditions soured the mood. The pan-European STOXX 600 .STOXX index closed down 0.3 percent and euro zone blue chips fell 0.9 percent, while Britain's FTSE 100 fell 0.5 percent. The STOXX was down 2.7 percent in June, following four straight months of gains driven by an easing of political worries in the euro zone and brighter economic prospects. But hawkish remarks from central bankers this week that boosted bond yields and the euro sparked a broad sell-off, with stocks that benefit from lower rates and export-oriented companies particularly under pressure. These jitters, along with concerns about high valuations in equities globally, led European equities to a modest quarterly loss of 0.5 percent, despite a market-friendly outcome to May's presidential elections in France that sparked a new wave of buying. "In absolute terms, European equity valuations look extended...," said Pierre Bose, head of European strategy at Credit Suisse. "To be more constructive on equities you would need a consolidation from these levels.""
