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And now for a dose of European exceptionalism

David Llewellyn-Smith
Thursday 20 March 2025
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And now for a dose of European exceptionalism! The Market Ear.

The Old Country is now the new hot darling

Everything is going Europe’s way right now. Stocks are outperforming, inflows have just started, there are macro green-shoots and valuations are still cheap. Let’s once again revisit the new darling macro case that is Europe.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.