1.One of the biggest surprises (for most people) was how well Global ex-US Equities did this year.
(both absolute + relative to US)
And arguably still room to run...
2.Burgeoning Bear...
They say: "If in doubt, just zoom out."
And in zooming out for the US dollar, the pattern of price action becomes clear; it looks like a bear.
3.Global commodity stocks undertook a major breakout this year.
(and they're likely just beginning...)
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