Most (European) economy-watchers’ attention will be on the fall in consumer confidence that was announced this morning:
And, while that certainly has interesting implications including (but not limited to)…
Another data point out of Europe today might be even more interesting to investors: Denmark’s consumer confidence.
Why, you ask? Well, it has a pretty nifty correlation with the S&P 500…
If the past relationship holds, it appears that there is a chance for further weakness in U.S. stocks.
