FX Will Play Key Role In Assessing Stocks: 3-Minute MLIV
Bloomberg Television·2025-06-25 08:38
Marc, walk us through what the defensive trade in this market is. Is defense still a defensive trade. Your take.I'm not so sure it is a defensive trait, given that the exceptional surgery seen in some of the valuations of those stocks. This has been a long running narrative and I actually think it's quite a bullish and aggressive story. You know, we're talking about the kind of quibbling about what Spain will get to in terms of percentage of GDP spend.But the overall story here is that Europe is moving to a ...