The European recovery only began 4 years ago, and it started to accelerate in 2017. Europe offers cheaper stock valuations with a forward-PE ratio of 14 versus 17.5 for the S&P 500. Also, the inflation rate is just 1.3% and the European Central Bank has pledged to keep interest rates near zero.
What to invest now?
You could consider investing in Wisdom Tree Europe Hedged Equity Fund (HEDJ), it provides exposure to about 130 stocks of companies with strong cash flow and dividend yields in countries that use the euro. The fund also hedges its currency exposure which minimizes the effect of currency swings on share price.