Europe is suddenly the hot new trade in the stock market

According to the article, because the Brexit has brought too much uncertainty and chaos, investors have been taking European market as a replacement of England. Some economists still believe that market participants have misunderstood the European equities and believe the European equities, especially financials, gonna perform better n 2017. The article said, besides the uncertainty brought by the Brexit, the Trump rally also brings the US market to be sluggish and this pushes cash flow to Europ. According to Bank of America Merrill Lync, over the past week, investors pulled $800 million from U.S. stock funds and pushed $1.9 billion to their European counterparts, the largest inflow in 60 weeks. The Germany, France and Italy stock indexes have all posted multiyear highs Friday. What's more, the relatively stable political situation after the Brexit relieves investors' worries. 
Furthermore, KKR has raised the its full-year GDP forecast for Europe from 1.4 percent to 1.7 percent and identified 4 "paradigm shift" including increased focus on fiscal rather than monetary policy, a move toward deregulation, an inflow of capital and heightened volatility driven by central bank stimulus efforts. Some other economists who are optimistic to the European market provide reasons including the fading deflation threat; a cheap euro compared to other global currencies; economic uncertainty that is abating; a more optimistic outlook on corporate profits as expressed through upward earnings revisions; and more tepid investor sentiment in Europe compared to the U.S. 
I'm looking forward to seeing how Eropean market gonna develop under the situation that there is too much uncertainty of not only US and Bratian markets but also East Asian markets. Relatively stable environment seems to a great advantage for European market. 
http://www.cnbc.com/2017/03/31/europe-is-suddenly-the-hot-new-trade-in-the-stock-market.html