Recent gyrations in Europe, and the apparent stallout of the US equity rally has investors wondering whether the amazing run for US stocks since last autumn is finally finished.
One thing about the recent rally is that the US market has been a very strong performer against other world markets, including Japan and Europe.
And guess what: Even in the latest market gyrations that continues.
In their latest client note, Waverly Advisors shows how well their trade of SPY (the S&P 500 ETF) vs. EFA (a rest-of-world large cap ETF) has performed. And it’s actually surged in the latest gyrations.
The US is still looking good.