There Are 2 Huge Lessons In Today's Market

There are two huge lessons in today’s market.

First, here’s a look at SPY (the S&P 500 ETF) vs. EFA (the foreign big caps ETF). The US is outperforming nicely.

From Stockcharts.com:

image

Photo: stockcharts.com

And domestically, the homebuilder ETF XHB is outperforming the broader US market.

So here’s XHB vs. SPY:

image

Photo: stockcharts.com

So the lessons are: The US is outperforming the rest of the world, and within the US, the optimism is really centered around housing.

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