S&P500 New 52-week Lows Relative To Other Developed

JC Parets
January 19, 2023

The underperformance out of U.S. Large-cap Growth indexes continues.

It's not the stock market's fault that the S&P500 has way too much exposure to large-cap growth.

And when we talk about "the stock market", there are countries outside of the United States that continue to shine.

Today's Chart of the Day shows the S&P500 hitting new 52-week lows relative to Developed Countries outside of North America:

EFA is one of the most important indexes to track for equities. This index is loaded up with European and Japanese stocks and serves as a great gauge for equities in developed countries outside North America.

The S&P500 has been held back from huge gains that we've seen elsewhere, in part because of its egregious exposure to Growth stocks. But both the S&P500 and Dow Jones Industrial Average remain below overhead supply. That still hasn't changed.

Last year we saw International Stocks outperform the U.S. for the first time in a while.

U.S. investors, particularly those that got high on their growth stocks for so many year, are not used to this sort of thing.

So remember, the U.S. underperformence is not just a 2023 thing. This started last year.

We discussed it all on this week's LIVE Conference Call. We dove DEEP into the markets for about an hour and fifteen minutes.

We left no stone unturned, answering questions, and giving detailed in-depth analysis of where we think the market is headed.

We showed over 150 (!) charts AND explained what they meant to traders and investors worldwide.

Premium Members make sure to catch the replay here and download the slides for your own use.

If you do not have access to the video for whatever reason, you can just email Mary or give her a quick call and she'll set you up +1 (323) 421-7910

Give it a watch and then let me know what you think!

Do you agree?

What am I missing?

We love to hear from you!

- JC

 

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