BofAML Says Europe Stocks to Rise as Much as 15%

The video discusses Europe's economic prospects, highlighting that fiscal spending will have little immediate impact but an organic recovery is underway. It compares recovery patterns in China, Europe, and the US, noting China's role as a playbook. The PMI is emphasized as a crucial indicator for market trends, with expectations of positive momentum leading to market gains.

What are the expected outcomes for European equities based on the PMI projections?

What historical data is referenced to support the importance of PMI in market performance?