Global Market Returns in Euros

A recent commenter asked that we highlight the returns of various global equity markets in Euros as well as in local currencies to give better credence to the decoupling thesis. As shown, due to the decline of the U.S. dollar, the returns of the S&P 500 since the start of 2004 (as well as the Nikkei 225) look pretty paltry compared to other global indices when measured in Euros.

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