Global Opportunities Beyond the Radar

Forget America: Invest in Europe

 

Restless cowboys. Ambitious settlers. Hostile tribes.

Emerging ranches. Emerging farmsteads. Emerging railroads.

The promise of a new life on the frontier.

 

Source: Image generated by OpenAI’s DALL-E

 

Now, if you’ve ever watched a Western film, then you already know how iconic the imagery is:

Indeed, the mood of a Western is so recognisable that it has become a stereotype, hasn’t it? Perhaps easy enough to dismiss as lightweight entertainment?

 

Source: Wikimedia Commons

 

Now, when I think about my favourite Western films, there’s one title that ranks highly on my personal list — The Magnificent Seven:

However, therein lies the irony. While the Western genre is a uniquely American art form, The Magnificent Seven itself isn’t original material:

Kurosawa explains his motivation here:

‘Good Westerns are liked by everyone. Since humans are weak, they want to see good people and great heroes. Westerns have been done over and over again, and in the process, a kind of grammar has evolved. I have learned from this grammar of the Western.’

It’s fascinating, isn’t it? You can see how the cultural influence of the Western has come full circle:

 

Source: Callie Cox / LinkedIn

 

Right now, in the world of investing, the symbolism of the Western looms large. You already know this. The S&P 500 index has its very own cast of extraordinary gunslingers. Its very own Magnificent Seven:

When you put them together, these seven companies make up more than 30% of the market capitalisation of the S&P 500. That’s a whopping $17 trillion in value:

Meanwhile, across the Atlantic Ocean, a dramatic shift is happening. A European stock index has actually been outperforming the S&P 500 this year. It is pulling ahead, accelerating, surprising the hell out of many investors:

 

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