The US Market Is Remarkable

Once again, US markets aren’t collapsing.

Despite a total implosion in Europe, and some bad data, US stocks are surging back.

The S&P 500 is barely down.

Below is a chart of the S&P ETF vs. EFA (a big cap global ETF).

We have to wonder if the outperformance of US stocks is a reflection of the belief that the US Fed is superior, and more inclined to intervene int he vent of a collapse.


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