That Was Quick! Long Europe Is Now Contrarian Again
Buy-the-dip in US exceptionalism
From contrarian to consensus back to contrarian in warp speed - it seems like being long Europe is now again somewhat of a contrarian trade. Several Wall Street banks have in the past days said that the outperformance has gone too far and that it is time to get back into the US supremacy trade again. Here is a summary of what Morgan Stanley is saying.