Goldman's Oppenheimer Sees Better Value in Non-US Markets

The video discusses the onset of the credit crunch and its containment due to strong liquidity and capital positions in US and European banks. It highlights the pullback in bank lending in the US, particularly affecting mid and small-sized regional banks, and its potential impact on the economy. The market is optimistic about a soft landing, despite risks. The video also covers investment strategies, emphasizing European banks and deep value sectors, and discusses defensive strategies that contribute to index stability.

What sectors are currently viewed as having better value in Europe?

What characteristics define the 'granolas' mentioned in the context of the European index?