As spring bows out and the midpoint of 2025 appears on the horizon, a curious symmetry has taken hold in the global markets. Wall Street, traditionally the torchbearer of bullish optimism, finds itself treading water - flat for the year. Meanwhile, European bourses are surging ahead, with an 8% gain in 2025. It's a transatlantic role reversal worthy of attention, even if the next act of this economic theater won't be written in Frankfurt or London, but in Washington D.C.
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