Things in Europe have not been going well. From Italy to Spain to Portugal, there have been problems. Now, it was recently reported that Germany, the European Union's largest and "strongest" economy, recorded a negative for GDP last quarter.

Europe's recovery has lagged the US, in large part due to the fiscal austerity measures that were introduced in some of the hardest-hit countries in the European Union as a condition for receiving bailouts. However, we believe Europe may be turning the corner. Mario Draghi, the head of the European Central Bank and Europe's equivalent to Bernanke and Yellen, just recently announced he is again lowering interest rates and will begin a bond purchasing program, which is another term for STIMULUS.

Yes, while we here are almost weaned off of Fed stimulus after 5 years, it would appear that Europe is about to finally follow suit and begin their stimulus program. And, after 5 years of generally no growth, it may be time for European stocks to finally begin to close the divergence between them and US stocks that has widened.

To put this in sports terms, as we do here often, while the US is, what we believe, to be in the 9th inning of the ballgame, Europe is probably in the 4th inning.

Back here in the US, the big news (from a market standpoint) has been the unveiling of the new iPhone and other products by Apple. Will this cause a surge in consumer spending for Apple, and push markets higher? Based on past product and new phone launches for Apple, at the very least, it could be good for Apple stock. People tend to get excited about what Apple unveils, and Apple, on their part, does not disappoint when it comes to building up suspense before the launch.

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