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Stocks Outside U.S. Have More Room to Rally

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“We are still in the very early innings of a shift that favors the rest of world over the U.S.” in stocks, Jonathan Krinsky, MKM Partners LLC’s chief market technician, wrote Sunday in a report.

The ratio between the Vanguard FTSE All-World ex-U.S. exchange traded fund and the SPDR S&P 500 ETF rose 6.3 percent through Monday from a record low, set in December, after tumbling 52 percent from a peak in October 2010.

Stocks outside the U.S. have more room to rally after trailing for seven straight years, Krinsky wrote.

Source: Bloomberg

Junior Trader Stefan Panteleev


 Varchev Traders

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