In our divided country there are very few things on which Republicans and Democrats, liberals and conservatives agree. One of those very few things is that drug prices are too high. It makes no sense for Americans to often pay ten times more for a drug than Indians and Chinese. The premise behind the trade was that with Trump’s leadership, the pharmaceutical lobby would not be as influential as it has been in the past. This premise is turning out to be at least partially correct. However pharmaceutical and biotech stocks continue to levitate.
ASK ARORA: IF YOU THINK STOCKS ARE TOO HIGH, GET READY FOR AN OPPORTUNITY MONDAY $EZU $HEDJ $FXE $VGK $EWQ $EWP $EWI $GLD $NUGT $EUFN $EEM
If you think U.S. stocks are too high, you are not alone.
I have been getting questions from smart investors who think stocks are overvalued, but they are still looking for investing opportunities. Today I will answer questions regarding the French presidential election (Sunday, April 23) and the opportunities that it may provide.
To appreciate the opportunities, let us start by looking at a chart.
The chart
Please click here for the annotated chart going back seven years. It compares the S&P 500 ETF SPY, with the iShares MSCI Eurozone EZU, and Wisdom Tree Europe Hedged Equity ETF HEDJ. The election in France will have the most impact on Europe, of course, but the U.S.… Please click here or the title below to read more.
April 21, 2017
