|John Boyd, CFP|
INTERNATIONAL AND US STOCK TRENDS
The chart shows the recent price performance of US stocks as represented in the S&P 500 Index (SPY) and compares it to the trend in International Stocks in the MSCI EAFE Index (EFA). Both emphasize larger companies in these economic zones.
We have been underweighting international stocks in our managed portfolios for some time due to relative poor performance, but the is a major diversion between US and International stocks that has developed over this Summer and Fall. Part of this is the strength in the Dollar compared with other Currencies.