AFK - American Stocks Continue To Lead Global Equities Ex-U.S. In 2024
2024-02-05 11:55:00 ET
Summary
- World stocks that hold US shares are up 1.6% year to date while foreign equities ex-US are down 1.5% in 2024.
- The Japanese stock market was a strong competitor vis-à-vis US shares last year too.
- At the opposite end of the spectrum, ongoing losses in China stocks show no sign of ending.
- For contrarians betting that the leadership in US shares is running out of road, optimists counter that expectations for interest rate cuts will keep hope alive.
Betting on the demise of the long-running leadership of US shares over foreign markets has been a losing proposition for some time, and the early going in 2024 suggests the trend persists. It’s only February, and so the new year is still ripe with opportunity, risk, and surprise. But judging by year-to-date results, old history is repeating, again, in terms of relative performance for US stocks, based on a set of ETFs through Friday’s close (Feb. 2)....
American Stocks Continue To Lead Global Equities Ex-U.S. In 2024