From the October 2007 highs in the US equity market, World Stocks (ex US) are down over 25%... while the US is now over 36% higher.
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That huge divergence, however, has only come about since The Fed unleashed QE3 and once again 2014 (with world stocks down almost 7% and US stocks up over 12%) shows the US (stock market) decoupling from the rest of the world...
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Now when was the last time we saw that kind of divergence?
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Charts: Bloomberg
h/t @M_McDonough
Bonus Charts: The last 5 years...
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