Europe Gains Ground as US Markets Face Challenges
TL;DR Summary
US stocks have rebounded strongly in 2023, narrowing the gap with European markets, driven by tech gains and robust US economic data, despite ongoing trade tensions and European fiscal stimulus efforts. Investors remain cautious about Europe's earnings prospects and the sustainability of its recent outperformance, while US valuations are considered stretched, suggesting potential volatility ahead.
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- Europe Reasserted: Consensus Builds as Europe Reclaims Ground from the U.S. Smartkarma
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