swissaustrian
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As you know, I'm from Switzerland, so I'm following Eurozone stock markets probably more closely than you do.
Since a few days, something pretty interesting can be observed.
For the first time since many months, Eurozone stock markets have started to outperform the DOW and the S&P500. Especially the German Dax and the pan-European Eurostoxx50 have been performing way better then US stocks. I think this is for two reasons:
1.) US stocks are way higher valued (P/E, P/B, P/C), so they trade at a premium.
2.) The strong dollar is hurting US exporters. Most large US corporations make a large chunk of their money in non-USD markets. This isn't priced in at all.
Since a few days, something pretty interesting can be observed.
For the first time since many months, Eurozone stock markets have started to outperform the DOW and the S&P500. Especially the German Dax and the pan-European Eurostoxx50 have been performing way better then US stocks. I think this is for two reasons:
1.) US stocks are way higher valued (P/E, P/B, P/C), so they trade at a premium.
2.) The strong dollar is hurting US exporters. Most large US corporations make a large chunk of their money in non-USD markets. This isn't priced in at all.