Bespoke Investment Group, in their commentary this morning, apparently agrees:
Europe’s economy looks stronger than the US’ right now mostly because of the stage of the cycle both are in. Europe is roughly 3 years behind the US, and early- and mid-cycle cyclical activity is still ramping up. That leaves us optimistic on performance for Europe over the next two years.Which makes for the perfect segue for a replay of our video from July 17th of last year. I strongly encourage you to spend a few minutes and watch. You'll not only grasp why we've been optimistic about opportunities beyond our borders, but, perhaps more critically, you'll be reminded of the importance of international trade:
And here's a performance update from the date of the video:
Click to enlarge.....