UBS' Fowler Says Parts of Nasdaq Look 'Outright Cheap'

Gerry Fowler, chief European equity strategist and head of derivates at UBS, explains why he thinks markets are in an "unprecedented growth era." Speaking on Bloomberg Television, Fowler says the recent bout of de-risking "appears to now be over," and that he expects investors to "lean back" into the tech trade as they return from vacation.