More “croissant and cafe au lait” – juice in the MEGA trade

Off to a good start

Europe has delivered its 4th-best beginning to the year on record – other years of notable starts included 1997, 1999, and 2023, which all experienced above-average returns for the balance of the calendar. European EPS revisions are actually at their strongest in 6M (even outdoing the US in the past 4 weeks). Let’s go over some things that are working in favor of the MEGA trade now and look at a potential catch-up trade.