The markets peaked together - will they trough together?
Taken together, the data suggests that investors should not rely on outperformance from global markets in event that the US recovers first. In 1974 global markets bottomed within a month or two of each other, even though a number of the recoveries in European economies lagged the US recovery. In general, the stock markets of economies that are in recession tend to lag the returns of the US market when the US economy is expanding.
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Taken together, the data suggests that investors should not rely on outperformance from global markets in event that the US recovers first. In 1974 global markets bottomed within a month or two of each other, even though a number of the recoveries in European economies lagged the US recovery. In general, the stock markets of economies that are in recession tend to lag the returns of the US market when the US economy is expanding.
Read the complete article
