SaxoTV

Garnry: Too far, too fast - Why I'm shorting European auto makers

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With European car makers are up 33% so far this year, driven by a weaker Euro and ECB QE. Peter Garnry, Head of Equity Strategy at Saxo Bank, is shorting the ETF EXV5 on the XETRA exchange. 

Peter explains why he thinks there will be a negative surprise in Q1 earnings, especially as European car makers appear to be disconnected from other sectors. 

Peter's stop loss on the trade is around EUR 67.00 and he has a holding period of two months.