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Europe was shunned while AI could do no wrong. That trade is looking tired. Falling energy prices and cracks in the AI boom favor rotating out of US equities and into cheaper European stocks. Favor defensives: Europe can win the relative race even if both markets fall.
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BCA | CoreMacro
BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.
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