Greece's EPS yield rose 5 basis points last week to remove it from our list of red-flagged countries. However, Egypt, India, Ireland, and the Philippines remain on our watchlist with yields below local interest rates. We'll continue to watch these countries for improvement and/or deterioration.
Also, aside from much of the bearish sentiment concerning US equities, their EPS yield remains strong against the 10 Year Note. You can see this strength in the chart below:
To view the complete report and chartbook, click here.