Global equity returns are disappearing as U.S. stock market rockets higher

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The U.S. stock market has been having a party for most of November but hasn't invited the rest of the world to join the fun.

The U.S. stock market has been having a party for most of November, but it hasn't invited the rest of the world to join the fun. As the market turned mixed following early losses Tuesday, the S & P 500 and other major averages have posted solid gains during the month. The large-cap benchmark is up more than 3% in November, rallying around the presidential election that sent Donald Trump back to the White House for a second term. However, the U.S.

line International vs. domestic stocks ACWX has slid 1.7% in November and is now up just 5% year to date. The fund fell about 0.2% in morning trade Tuesday, underperforming the S & P 500 . The broad market index was marginally higher on the day and has soared nearly 24% year to date. One culprit has been U.S. dollar outperformance against its global counterparts. The dollar index has jumped more than 2% in November, and has climbed nearly 5% year to date.

 

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