In a report published before the US attacked three Iranian nuclear facilities, a team of Bank of America strategists led by Michael Hartnett stated that President Trump's inclination towards war would be short-lived, but at any time, the backdrop of war rather than peace means that investors prefer the US over Europe. "The US is filled with Technology/Defense companies, and US Energy independence," they wrote, adding, "History shows that the decades when the EU stock market performed best began with war and ended with peace."
Bank of America: The background of war means that investors prefer the US over Europe.
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