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The End of America First? Stock Index Relative Value Analysis: US vs EU/UK/Japan
No, I am not talking about US administration policy before Biden’s, I am talking about stock index trend between US market vs other 3 major markets (EU, UK, Japan), which has been there since the great recession of 2008 for more than 12 years. I noticed it the first time around 2 years ago, but with latest Coronacrisis and turmoil in bond market lately, this trend might be about to change. Motivation In my previous article explaining the relationship between bond market and stock market by comparing 10-year treasury bond yield (risk-free rate) and