When compared to other developed markets, the US stock market always seems to win.
Meanwhile, despite starting the year strongly, European stocks have faded away when compared with those in the US. Why? Long-term fixed-rate mortgages and being energy independent have reduced the impact of higher bond yields and commodity prices. And, so far in 2023, the technology sector has soared, which has helped the US market. Deep Dive: AI may have 'far reaching impact' but investors must beware 'hype' For overseas investors, it is also to do with the currency; in times of market stress, when equities are most at risk, the US dollar tends to perform well as a safe-haven a...
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