European opportunities

In this episode of The Markets, Chris Hussey interviews John Storey from Goldman Sachs about the European equity market and investment strategies. They discuss the outperformance of European stocks, particularly financials, relative to U.S. tech, and the impact of currency movements and fiscal policies. Storey highlights the resurgence of U.S. exceptionalism but suggests that the European theme still has potential, driven by valuation differentials and domestic investor interest. He recommends focusing on AI and AI CapEx-related themes and European financials, while also keeping an eye on geopolitical risks and the upcoming tariff deadline. Storey also shares personal anecdotes, including his most memorable trading day during the global financial crisis and his favorite concert.