The Bullish Case for European Stocks

The video discusses the European Central Bank's (ECB) continued net purchases under the PEPP and its impact on European assets. Experts David Kelly and Alessio Delongis analyze the prospects of European stocks, particularly financials, in light of easy monetary conditions and value rotation. The discussion also covers inflation concerns, market misjudgment, and the significant role of fiscal policy in economic recovery post-pandemic.

What does the Governing Council expect regarding net purchases under the PEPP in the coming quarter?

How do European stocks compare to U.S. stocks according to David Kelly?

What is the significance of the pace of vaccinations in Europe as mentioned in the discussion?

What rationale does Alessio provide for favoring European financials?

What potential consequence of coordinated policy responses is mentioned by Peter Hooper?

How does David compare the effectiveness of fiscal policy to monetary policy in promoting economic growth?

What concerns does the discussion raise about the future of fiscal support and its impact on the private sector?