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European Stocks Look Tempting. No, Really.

Am I getting desperate, or do European stocks look attractive? Let’s not rule out a combination of the two.

The S&P 500 index is up more than 75% from its pandemic low a year ago. And since good news on vaccines broke in November, value stocks and reopening plays have turned into market darlings. If you hold a value stock that isn’t up at least 20% since then, consider the possibility that it’s not a value. Or not a stock. Is the ticker symbol kWh? That might be a utility bill.

The…

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