VNQ - Will Global Market Sell-Off Dethrone U.S. Stocks' 2024 Leadership?

2024-08-05 10:45:00 ET

Summary

• The selling that roiled global markets late last week looks set to continue on Monday.
• Triggered by weaker-than-expected news for the US labor market, the surge in risk-off sentiment took a bite out of the high-flying market for American shares.
• In the current climate, however, that premium suggests US shares are still vulnerable to a period of “normalizing” performance comparisons.

The selling that roiled global markets late last week looks set to continue on Monday. Triggered by weaker-than-expected news for the US labor market, the surge in risk-off sentiment took a bite out of the high-flying market for American shares. But even after last week’s hit, US equities are still leading the major asset classes by a wide margin. In the current climate, however, that premium suggests US shares are still vulnerable to a period of “normalizing” performance comparisons....

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