FEZ: A Trump Trade Alternative?
Portfolio Pulse from
The SPDR® EURO STOXX 50 ETF (FEZ) has underperformed the S&P 500 over the last decade but could see gains if European natural gas prices fall. A potential end to the Ukraine-Russia war by Donald Trump could lower gas prices, benefiting European equities, especially in Industrials, Consumer Cyclical, and Financials sectors. Mario Draghi's reforms may further boost European competitiveness.
November 15, 2024 | 9:15 am
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The SPDR® EURO STOXX 50 ETF (FEZ) could benefit from a drop in European natural gas prices, potentially driven by an end to the Ukraine-Russia war. This would boost European equities, particularly in Industrials, Consumer Cyclical, and Financials sectors.
FEZ's performance is closely tied to European equities, which could rise if natural gas prices drop. The potential resolution of the Ukraine-Russia conflict by Trump could lead to such a price drop, benefiting sectors that FEZ is exposed to.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90