BofA's Raedler Sees European Equities Peaking in 3Q

The video discusses the recent record highs in European equity markets, drawing parallels to the 1999 tech bubble. It highlights the acceleration in global growth and predicts a market peak in the third quarter, followed by a mild deceleration. The role of technology stocks during the pandemic and their impact on the market is analyzed. The video concludes with an examination of macrocycle peaks, noting the absence of a strong negative catalyst like the pandemic or inventory cycle issues.

What reasons does the speaker provide for expecting a mild deceleration rather than a sharp pullback?

What role did technology stocks play during the pandemic compared to previous market cycles?