The global stock market is a big place, and it extends far beyond the borders of the United States. While the US market is undeniably the largest and often sets the pace for others, it’s revealing to step back and consider the global scene occasionally. This broader perspective can alert investors to significant shifts in stock market rotations worldwide, particularly when the US market has marched off on its own. Current International Rotations The Relative Rotation Graph (RRG) for international markets above plots several international stock market indices and benchmarks them against the Dow Jones Global Index ($DJW). The S&P 500 ($SPX) is positioned very close to the center of the chart, hugging the benchmark. This proximity is expected, given that the US constitutes a hefty portion of the Dow Jones Global Index. However, the S&P 500 is also depicted with a short tail within the weakening quadrant, indicating a…
