The Continent is beginning to look like a safe bet against Washington's bedlam. Markets crave certainty; what they are getting from Trump's White House is chaos. From both a geopolitical and economic perspective, it's hard to know whether you're coming or going. Concern is growing over where this takes us. Even Trump now concedes that recession is a possibility. Ironically, the major beneficiary of the flight from US equity markets is Europe, an outcome Trump would surely not have wished for. Even the UK's previously unloved FTSE100 index has blossomed in recent months.