The "things can only get less worse" long trade in Europe

Breaking out of "boring"

STOXX 600 breaks out to post-Liberation Day high after flatlining since the start of May. We have been less bullish Europe over the past few months as we thought the macro darling had gone a little bit too far and as the fundamentals were not catching up. We are changing that stance today and going tactically trading long Europe again. We love a break-out on poor newsflow and we name this trade "Things can only get less worse...".