Still Staying Home

We continue to recommend a Stay Home versus Go Global stock market strategy. While US stocks tend to command higher valuation multiples, that’s for good reason. Using forward profit margin and revenues-per-share data from MSCI indexes around the world, Eric and Melissa demonstrate that American companies generally sport better fundamentals than their counterparts in both developed and emerging economies around the world. … Also: Joe reports that while the S&P 500’s Q3 earnings per share took an unexpected dip last week, it was for company- and industry-specific reasons and doesn’t bode poorly for the market broadly.