The ‘Ultimate Contrarian Trade’ Makes New Friends

Mar.15 — Some of the least-loved assets in the developed world are now gaining some popularity. Sure, doom and gloom is stalking the region’s “Japanified” markets, but betting on Europe — dubbed the “ultimate contrarian trade” by Bank of America — is gaining a lot of new friends on Wall Street. Northern Trust‘s Colin Robertson, Craig Bishop of RBC and BlackRock’s Jeffrey Rosenberg talk with Bloomberg’s Jonathan Ferro to debate whether the rally in Europe might be getting long in the tooth.