Is There a Secular Bull Brewing in Europe?

MEGA

Coming into Tariff Monday, Europe was experiencing its second-best start to the year and SXXP hit an ATH – of course, skeptics will highlight that this is against a low bar, and the outperformance is mostly valuation-driven (as opposed to earnings-inspired). However, 21 of 25 EU sectors have outperformed US equivalents since late last month, and bulls feel that we might have bid adieu to peak uncertainty. Here are all the latest things on the MEGA trade.