Global Markets Ready to Break Out?

While U.S. indices, most notably the S&P 500 Index (SPY) are hitting all-time highs, most other countries or composite global indices are still well below one, three, and five-year highs.

After years of the U.S. stock market outpacing nearly all other countries, the rest of the world is showing signs it’s ready to catch up.

To be sure, some of a glimmer of excitement and hope among those championing international diversification happened briefly in 2017. That’s when, for the first time in five years, international stocks beat U.S. stocks by a solid six percentage points, no less. But that hope was soon dashed, as U.S. stocks finished far ahead in 2018. The same is true so far in 2019.

But, could this time be different?  While U.S. indices, most notably the S&P 500 Index (SPY) are hitting all-time highs, most other countries or composite global indices are still well below one, three, and five-year highs.

One thing we’re seeing that is different is some of the developing nations, such as Russia (RSX)  and Brazil (EWZ) , which are closing in on new 52-week highs.

But… Continue reading at StockNews.com

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