Bull:
- Some value stocks trade at levels not seen since the financial crisis
- Cyclical downturns are being mistaken for a permanent, structural failure
- A number of European companies offer attractive, well-supported dividend yields
Bear:
- Growth stocks appear vulnerable to disappointment
- For now, the market remains unswayed by value stocks’ improving earnings
- Predicting when a style bubble will burst is impossible
A battle is raging within European equity markets…
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