By Jeremy Schwartz, CFA
European stock markets are currently having their worst 10-year stretch for relative returns compared with the U.S. stock market in 40 to 50 years.1 Despite continued Brexit uncertainty weighing on sentiment, investors might want to start paying attention to European equities again.
Ever since the financial crisis, the U.S.'s role in global capital markets has become increasingly dominant, with European equities compounding returns over 600 basis points (bps) per year less than the S&P 500 Index's returns over the most recent decade.
Anecdotally, we often hear that Europe's inability to