January 27, 2015 – Seth Setrakian Hot Market Update – The European Central Bank’s move to embark on quantitative easing has one goal in mind, to lower the Euro and make Europe more competitive. Which is not a good thing for US based companies especially companies that do business overseas in Europe. Companies like McDonald’s, Proctor and Gamble, and Microsoft are reacting negatively to moves being made by the ECB, top-line demands and currency issues. Be careful with your portfolio if have exposure to overseas sales you are going to start getting hit, the King dollar can cripple your wallet. Expect lower earnings per share with this quantitative easing, do not believe the hype as this solves only a short term problem – good luck trading.
Watch Your Overseas Portfolio – Hot Market Update Seth Setrakian
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