2014: The Year The US Decoupled (Again)

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.

 

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...

 

 

Now when was the last time we saw that kind of divergence?

 

 

Charts: Bloomberg

h/t @M_McDonough

Bonus Charts: The last 5 years...