Patience is magic
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Europe is suddenly the hot new trade in the stock market
Amid the political uncertainty of Brexit, mounting social turmoil over immigration and barely there economic growth, Europe has improbably emerged as the hot stocks trade this year. The postelection rally in U.S. equities is looking tired as gridlock has sapped momentum in Washington. Investors have been looking for a better place to grow cash, and the European market is quickly becoming the favorite target. "We believe that the underlying performance of European equities is potentially misunderstood by market participants," Henry McVey, head of global macro and asset allocation for private equity powerhouse ... (full story)
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