No. of Recommendations: 1
Everyone has seen the charts: massive US outperformance, lagging growth in Europe/China, political uncertainty in emerging markets, strong USD, etc.
However, the contrarian in me thinks there might be some opportunities in foreign markets. W Trump, i see a potentially falling dollar, inconsistent policy and outright large valuations gaps between foreign and US markets. (The last I saw was a 3std dev spread in performance and valuations) We all know the risk, and I am starting to think there is a potential for upside surprises outside of the US.
Whats everyone think? Anyone taking a meaningful stab at foreign markets?
