On Europe & S&P 500 Earnings

The Eurozone is improving economically as the US remains cloaked in uncertainty, its exceptionality being questioned by some. Melissa explores the countervailing forces affecting the Europe’s economic growth prospects and suggests that its equity markets might offer some opportunities at this juncture. … Also: Funds flow and equity market performance data suggest a rotation: Investment dollars have been exiting the US stock market and flying off to Europe. But is the rotation poised to reverse? … And: Joe examines recent estimate revisions activity. Even though last week’s revisions for S&P 500 companies were upward on the whole, the broader trend in forward earnings remains downward.