This Time, Bounce in U.S. Stocks Goes Unmatched in Rest of World
An American flag flies in front of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Dec. 27, 2016.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
U.S. markets are going it alone as the post-election advance in the S&P 500 Index has failed to lift most of its peers around the world.
That’s rare in a bull market where global benchmarks mostly rallied in unison over the past five years. While the S&P 500 has added 5 percent since Nov. 8, an MSCI Index of developed world markets outside the U.S. is up 1.4 percent and stocks have fallen in developing countries, Asia and Latin America.