Are European assets a buy?

Chris Bailey of Raymond James

Chris Bailey of Raymond James

With the European Central Bank set to stop new quantitative easing at the end of 2018 and market chatter about an interest rate increase in 2019, have prospects for the spluttering European economy and financial markets taken a turn for the worse?

My eyes were drawn to a recent interview with Luigi Di Maio, the leader of one of the two Italian governing populist parties. First, there was the wonderful line: "We will tattoo ourselves to explain to the investment community that we do not want to leave the eurozone". However it was a second observation that really struck me, as he also noted that the additional spending as per the proposed Italian budget, is a "recipe" for reviving European growth. Does Europe have room to push higher? If we think back to policy levers, I have always thought the real skill is to understand whic...

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