We will never see such prices for European stocks again...

European indices have been reddening for several days in a row.
European Euro Stoxx 50 fell only -3% from the high, but this is just the beginning of a big drop and I will tell you why.

Since the beginning of year, European indices have shown very good growth, which is not entirely supported by fundamental factors.
Yesterday, on the channel, I already drew attention to the difficult situation in the German industry (the German economy is already in recession and will only deepen into it), but this did not prevent DAX from updating its historical maximum!
It is very strange, because Germany is still famous for its industry, and not for the IT sector...

Now the technical picture says that there are serious reasons to believe that the growth in European markets has come to an end. There are serious signs that the French CAC40 index has reversed.
There were large sales in the shares of the leaders. Someone "big" got out of the market. Today the decline continued.

Do not forget that inflation in Europe is higher than in the US, which means that the ECB will raise the rate even more and even more choke the economy, which can not stand it now!
While in the US they are already talking about a pause in raising the rate.

The chances of a return to the highs are melting right before our eyes.
SX5E are doomed to fall…

🔰 My recommendation:
If you have European shares - sell them.
Then say thank you for saved capital.

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