After trailing the developed equity markets of Europe, Asia and the Far East (EAFE) for much of the first three quarters of 2017, US stocks have outperformed so far this quarter. Part of international stock market outperformance was attributed to dollar weakness in the earlier part of the year. The dollar has now stabilized and that, along with continued improvement in economic conditions and a supportive fundamental backdrop, should be fuel for further stock market gains.
Have a great holiday week!