Among the recurring themes in the global capital markets in recent years is the ongoing preeminence of the US stock market as a performance leader. When measured in terms of relative returns for the major asset classes, it’s been game, set, match. That’s good news for investors who’ve maintained healthy allocations to US equities in the last several years–and a source of frustration for everyone else. The supremacy of American stocks will end at some point, but for the moment there’s no sign that a changing of the guard is at hand.
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● Treasury market anticipating a September rate hike…
● As US dollar rises to 5-week high…
● Meantime, gold tumbles to 5-year low…
● Commodity prices in general remain weak…
● US stocks (S&P 500) briefly traded above all-time closing high on Monday…