Key points:
- European Markets Better Balanced for 2020
- Earnings have bottomed
- Economic data improving
- Attractive valuation
- Key Risks to Our Scenario
- Trade war uncertainties
- Growth Versus Value: Growth Likely to Emerge as New Leader
- Historically, value outperformance doesn’t last
- Breakouts indicator similar to late 2016
- Number of stocks on EFL at historic high
- O’Neil Top Three Recommendations
