The heavy, imported-energy dependency of Europe made underweight a consensus recommendation for the last three months. Hopes for a peace deal, though, may reverse that trend and Barclays highlight luxury stocks there as an opportunity.

Source: [MarketWatch](https://www.marketwatch.com/story/the-moment-of-peak-stagflation-has-passed-heres-how-some-strategists-recommend-to-trade-it-37f3339e?mod=mw_rss_topstories)

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