It's Not Just America

It’s Not Just America

Yes, The United States stock market has been doing very well.

We can see the S&P 500 ETF SPY breaking out to all time highs

Looking at the world minus the U.S.A. (the largest economy in the world)) using the ETF ACWX we see multi year highs being made.

Let’s look at the world minus the second largest economy. Here is the World minus China ETF EMXC in a definitive uptrend.

Drilling in closer we can see Japan ETF EWJ getting close to all time highs

The Euro Stoxx 50 ETF FEZ getting to multi year highs

Finally we see India ETF INDA breaking out to all time highs as well.

Many times we have home country bias or are just America (and China) focused when we look at the stock market. This is for good reason, American technology companies have done exceptionally well for the last decade.

Let’s keep an open mind to other markets outside the United States and China.