- U.S. stock gains have been relatively mild compared to the strength occurring overseas.
- Stocks in international markets remain undervalued based on the underlying CAPE ratio and average dividend yield.
- Currency devaluation is triggering new multi-month highs for Purchasing Managers Indices in Europe, China, and Japan.
It’s gone unnoticed for most of the year, but U.S. stocks aren’t the biggest bull market. While domestic markets have performed fairly well just two months into the year, markets overseas are outperforming them by a considerable margin. Based on the blasé performance of U.S stocks over the last week, the secret could be out…
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