From danger zone to sweet spot, BNY Mellon picks Europe as top global play

Much of Wall Street may consider Europe a danger zone for investors, but BNY Mellon's Alicia Levine lists it as one of her top market plays.

"There are great opportunities in the places where people feel the worst about. And, that would be Europe," she said Thursday on CNBC's"Futures Now.""Europe looks terrible, and everybody is scared of Europe." "The European economy is based on external demand. So, there will be a couple quarters lag," she said."You have to go in when you're the most scared because that's when you get the most upside. We think Europe looks really interesting here."

"You have to be cautious after a 13% move [so far this year]," she said."It would not be unusual to see some bumping around here – just some consolidation."

The road is littered with those who have gone out on a limb and recommended Europe.

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