In this episode:

• The Eurostoxx 50 has recorded a significant rise (+13% since December), outperforming the S&P 500 thanks to a broader and more diversified rally across sectors and stocks, supported by high trading volumes. However, liquidity remains a critical issue, especially for mid and small caps.
• The Mag7 are underperforming due to massive investments in artificial intelligence. The Tech and AI sectors are also expanding geographically, with China and Europe increasingly involved. This could remain a dominant theme in 2025.
• The market is influenced by developments such as negotiations between Trump and Putin on Ukraine reconstruction, the German elections, and uncertainties surrounding U.S. trade policies. Attention is focused on the EU’s potential response and the sustainability of growth in a highly volatile environment.

Overall, the European market is experiencing strong momentum, supported by favorable macroeconomic dynamics, expanding investments, and global trends like AI. However, geopolitical uncertainties and the risk of volatility require a cautious and selective approach to seize emerging opportunities effectively.