European Bank Stocks a 'Screaming Buy': TPW's Pelosky

The video discusses how market participants might react to headlines during winter, focusing on the US's struggle with COVID-19 and political risks. It contrasts this with Europe, which is seen as having fewer political risks and opportunities for growth, especially in Germany and the banking sector. The discussion highlights the challenges faced by European banks, such as the China unreliable list and money laundering concerns, but also points out opportunities in mergers and acquisitions and credit growth. The speaker suggests that European banks are undervalued and could see significant price increases in the next 6 to 12 months.

Discuss the impact of the China unreliable list on European banks.

What factors contribute to the belief that European banks are undervalued?