Latest news with #globalstocks
Bloomberg
6 days ago
- Business
- Bloomberg
The Bull Market Is Being Powered by Stocks Outside the US
The never-ending back and forth on tariffs. An escalating war in Ukraine. Growing concern about the US's mounting debt and deficits, and a congressional budget process that seems unlikely address the problem. Sounds like a recipe for a bear market, and yet global stocks just hit an all-time high. The MSCI All-Country World Index is up 5.6% this year, surpassing its record from February. 'The trade tariff drama is now increasingly seen for what it is: a massive trade uncertainty rather than a trade crash,'' said Florian Ielpo at Lombard Odier Investment Managers. 'Looking beyond this white noise, markets are now focusing again on the present situation, which is actually not too bad.'
Wall Street Journal
18-05-2025
- Business
- Wall Street Journal
The Ditch-America Trade Now Has Its Own Acronym: ABUSA
An investment theme is only complete when it gets its own acronym, and the brokers that gave us BRIC, FANG, PIGS and TMT have captured the latest trend perfectly: ABUSA, or Anywhere But U.S.A. Last week, global stocks made a new all-time high—so long as the U.S. is excluded. True, U.S. stocks rose above where they started the year for the first time since February, on the back of a strong recovery from the post-Liberation Day lows. But being flat for the year isn't much to boast about when stocks elsewhere are up 11% in dollar terms.
