What is everyone's thoughts on investing into Europe for the long run? Could it be better than the SNP 500 for example?

20M Investor here, just genuinely curious on peoples outlooks on investing more into Europe than before, I see many people, including myself switch either completely over to European stocks/ETFs ect and fully cut any US ones out of their portfolio, do you guys believe in this in the long run? What are your thoughts on how the European market will perform the next 5-10-20 years after everything happening with Europe distancing ourselves from the US and its market? What are some European things that you think will do well in the future ect European defence. Just curious to see what everyone is thinking/feeling!