Global stock-market leadership comes back in the U.S.A.
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 4:15 p.m. (1:15 p.m.) on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube.
U.S. stocks regained a leadership position in world markets as second-quarter results began arriving. The ratio between the S&P 500 Index and an S&P Global gauge of shares listed outside the U.S. shows as much. After falling as much as 10.4% between September and February, the ratio rallied to a record on July 9 and again on Tuesday, according to data compiled by Bloomberg. The non-U.S. gauge is the S&P Global Ex-U.S. Broad Market Index, which tracks developed and emerging markets.