Europe is improving economically
Heading into 2018, Europe is improving economically, despite what may be the end of Merkel’s era. Historically, the EU has been plagued by concerns of fragmentation, with fears that small issues would eventually break up the union. However, we believe that is no longer the case thanks to the powerful trio of Macron, Merkel and Draghi. It is a theory that will have a profound effect on pricing in events such as the Italian elections.