The U.S. is massively underperforming global stock markets, and analysts see more of the same
Publishing timestamp: 2023-01-24 01:54:05
Summary
U.S. stocks have underperformed their global peers over the past three months, and analysts expect this divergence to widen in 2023. This is due to weaker U.S. retail sales and industrial production figures, while growth in Europe, Asia, and various emerging markets has improved. Barclays European equity strategists highlighted that activity momentum in Europe and U.S. is decoupling, which is "unusual." Meanwhile, the European Central Bank is expected to remain hawkish, with the bank guiding for a terminal policy rate of 3.5-4%.
Sentiment: POSITIVE
Keywords: ishares msci acwi ex u.s. etf, investment strategy, business news, markets, u.s. economy, stoxx 600,
Source: https://www.cnbc.com/2023/01/24/the-us-is-massively-underperforming-global-markets.html