FYI: While headlines may have focused on the S&P 500 reaching all-time highs yesterday, the US was not alone in doing so. On the same day, 3 other of the 23 major countries that we track in our Global Macro Dashboard also reached all-time highs: Canada's S&P/TSX Composite, Russia's MICEX, and Switzerland's SMI. In our Global Macro Dashboard each week we provide a look at these countries' major indices in local currency over the past year and ten years in addition to other information on their economies. While the S&P has reached these highs, it has the fifth highest valuation of the 23 countries with a P/E of 19.23x. But this also comes with generally better than average data points for the broader economy as the US boasts the fifth highest GDP growth on a year-over-year basis.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/highs-around-the-world
