Since election international outperformed USA ( 26% vs 23%)
Thesis : 1. Weak dollar , when dollar index low international outperforms , look at 2017 performance 2. Commodities boom and global demand will help emerging markets 3. Market composition changed since 2008 top cycle , if you break it down by industries there is a lot of tech /healthcare like USA compared to energy back in 2008 4. Starting valuation are super attractive compared to USA , price/earnings, dividend yield etc
International been dead money for a while , hopefully it will start paying off this cycle
Submitted February 18, 2021 at 06:53PM by Banabak https://ift.tt/3qzzpLk
