European stocks are basking in the glow of record highs, prompting investors to debate between riding on their coattails or exercising caution to safeguard profits in the face of an uncertain economic landscape. The Euro Stoxx 600 Index, which serves as a barometer for the European stock market and includes 600 companies of various sizes from 17 European countries, has seen five consecutive weeks of gains and has risen in 15 of the past 17 weeks, echoing the bullish sentiment seen in the US market. Despite this remarkable run, the index’s current level reflects a modest 15% increase from pre-p…