Enfeebled Europe Closing in on ATHs
Embattled Europe
Europe is overregulated, overtaxed, demographically doomed and permanently stagnant. So why are equities hovering near ATHs while positioning and sentiment remain deeply skeptical? Are we back to the setup of 2025 where we no longer require perfection, just less bad? The one thing we learned from trading Europe is that the macro case does not need much in terms of "less bad" catalysts to make a difference. Let's have a look at what could go right (sorry, less bad).