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welcome to the swing training with Cycles Channel today were going to go International so were going to look at Europe specifically and were definitely going to compare that look at relative performance European stocks versus s p and certainly there are other indices you could compare it to obviously but thats just kind of a starting point to get their broader Trend what were going to use is our proxy mostly today is the stocks Europe 600 which I have up here so this looks like its like not dated from 2021 but it had a market gap of 1.8 trillion at the time so thats 600 stocks European stocks a lot of them we havent ever heard of some of them like mid caps even and thats contrasted with the s p which has a market cap something like 35 trillion and if you think about just the largest companies on the S P like apple you know Apple at 2.3 3 trillion plus plus Microsoft is 4 trillion alone right and so that gives you a sense of like this is much smaller sort of potatoes but at th
