Dollar Dependent

S&P: The weak U.S. currency has been a big driver of international equities' outperformance, but the buck's worst days may be over

Recent fund flow data indicate that U.S. investors continue to purchase international equities at the expense of U.S. stocks. Modern, developed stock markets in the United Kingdom, Europe, Japan, and Australia represent 80% of overseas stock market value, garnering the bulk of these capital flows.

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