Since the presidential election, global stock markets have been consolidating. They’ve been trading in a tight range since summer and peaked in September. The money question is are they about to break up or down?
- Most global stocks are trading at much lower valuations than the US.
- Rising US Dollar will make foreign products more competitive
- Global growth has cooled to 3% and doesn’t look like it’s bottomed yet
- Rising US Dollar denominated debt is increasing costs for Emerging Market borrowers
- Rising oil prices might hurt manufacturing nations more than it helps OPEC
- Trump’s impact on global trade
I’m watching global markets closely, but not ready to jump in yet. Stay tuned for my foreign ETF picks.
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