European Mid-Caps: Playing Earnings, Valuations Catch-UpMark Melin
If Barclays Bank is correct, a relative value trader’s dream could be setting up between European and US mid-cap stocks.
European mid-caps under-performed similar US stocks
In a research note today, the bank noted that performance of European mid-caps (minus UK stocks) has significantly under-performed similar US stocks. In fact the gap in value between the two is the largest since January of 1995.