European Stocks Are Cheap Now: Ian Harnett

The video discusses the recent market trends, focusing on the value over growth trade in Europe compared to the US. It highlights the impact of COVID-19 on market rotations and the potential for economic recovery with a vaccine. The bond market's cautious stance is analyzed, emphasizing the need for higher yields to sustain the value trade. Expectations for further stimulus and economic growth are explored, along with the implications of Brexit on the UK market and the potential of the Footsie 100 as a strategic play.

How do long-run earnings expectations differ between the US and Europe?

What are the expectations regarding economic recovery and inflation in the coming years?

What strategies are suggested for playing the rotation in the current market environment?