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It might be time for Europe’s banking regulators to make boring great again

July 31, 2018

Via: CNBC
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At the start of 2018, many analysts we spoke to on our show were positive about European cyclicals, especially financials after what was a bumper fourth quarter for the continent’s economic data.

With a strong beta to underlying growth, as well as relatively cheap valuations to U.S. counterparts, what was not to love?

It seems quite a lot. The long financials play has unfortunately not worked out the way many had been hoping for. The sector is one of the worst performing in Europe this year, down more than 9 percent.

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