I am a fan of the markets… the worldwide markets. I hate the idea that we are in some sort of a vacuum when discussing this topics here. But as I look out across the markets I see something strange.
It is my belief that the United States of America is home to the largest and most influential financial market. I am a little biased here, but really, I thought we pretty much dictate the action to the rest of the world.
I see that our equity markets are basically lagging – and by a healthy amount – markets in Asia and in Europe. What gives?
While I write this, the S&P 500 – the main measure of the US market – is up a little less than 1%. At the same time we see Asian markets have closed with gains of more than 1% and the Nikkei 225 closing up more than 2%.
The same is true over in Europe with gains of 2% being common place! There were even two indices with gains of 2.5% or more! Sure the Stockholm 30 is up 2.7% today… but when I see the CAC 40 Index up 2.54% and our market struggling to reach 1% I start to scratch my head.
Am I alone on this one? Who is the dog and who is the tail here?
Let us know what you think!
To read this article on Zacks.com click here.
Zacks Investment Research
