The Rise of the European Stock Market

The Dow is up for the 11th day in a row and it seems like a lot of people have been caught out by the strength of equities certainly this year through the spring and summer. When you're looking across, since you do have a global view, what's your favorite region right now? Yeah, so I've been actually overweight Europe for quite some time. And part of that was driven by the fact that earnings estimates started to pick up their number of months ago which told me things were not going to be as bad potentially in Europe as everyone anticipated.