Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
Take market value out of the equation and U.S. stocks are faltering after years of global dominance. A version of the S&P 500 Index that gives equal weight to each stock dropped 2.9% this year through Friday, according to data compiled by Bloomberg. At the same time, an equally weighted MSCI index of non-U.S. shares fell just 2.3%. The S&P 500 gauge led the last seven years, except for 2017. “The outperformance by the biggest U.S. stocks is hiding a change in leadership by the average stock,” Jeffrey Kleintop, chief global investment strategist at Charles Schwab Corp., wrote in a blog post Monday.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets