Good morning advisors,
Yesterday’s Monday Morning Playbook highlighted two key charts that I think are worth exploring further:
The dollar breaking down to its lowest level since mid-August
US Dollar Index (daily) with MACD momentum indicator Foreign stocks, as measured by the MSCI World ex-US ETF, hitting 3-month relative highs vs. the S&P 500
MSCI World Ex-US ETF (VEU); relative to S&P 500 (bottom panel)
So, should international equities be back in our portfolios? Let’s dive in!
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