There are plenty of U.S. stocks for investors to focus on. However, occasionally, international stocks will pop up on the radar. And this year is one of those times. ⌚
Below are four examples of international indexes hitting new all-time highs, including Germany’s DAX, Poland’s Warsaw Stock Index, Brazil’s Bovespa, and India’s Nifty 50. It shows a range of both developed and emerging markets seeing strong demand from investors around the globe. 📈
While these charts are impressive, it’s important to note they are in local currency terms. So, U.S. investors have not seen these types of returns, given the strength of the U.S. Dollar. Nonetheless, it shows that there remains global demand for stocks as an asset class, which is an important signal given that different asset classes tend to move in the same direction over time. 🤑
Stock market bulls want to see this list of international indexes hitting new highs continue to expand, arguing that more strength internationally will further support the bull case for U.S. stocks. We’ll have to wait and see. 👀