Markets react to differences not historical averages.
The US did quite well economically compared to the rest of the world when dealing with COVID and its aftermath. So some reversion to the mean should be expected, but the timing here suggests it’s policy changes responsible for these trends.
The US did quite well economically compared to the rest of the world when dealing with COVID and its aftermath. So some reversion to the mean should be expected, but the timing here suggests it’s policy changes responsible for these trends.