German stock index outruns US counterparts. And it’s just a beginning
The epic rally of S&P 500 proved once again that stock indexes recover faster than GDP after a recession. If this theorem is correct, a faster growth of a stock market correlates with the corresponding economy’s faster return to the trend. In this regard, the 40% rally of S&P 500 from March’s maximums isn’t as impressive as German DAX 30’s 50% retracement from the bottom. Germany will recover faster than the US. It is positive news for both the euro and the fans of the eurozone’s largest economy.
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