People walk past The Fearless Girl statue outside the New York Stock Exchange on April 20. The S&P 500 is down 12 per cent this year, compared to a 20 per cent drop in the the MSCI All Countries World ex US index. Photo: AFP People walk past The Fearless Girl statue outside the New York Stock Exchange on April 20. The S&P 500 is down 12 per cent this year, compared to a 20 per cent drop in the the MSCI All Countries World ex US index. Photo: AFP
People walk past The Fearless Girl statue outside the New York Stock Exchange on April 20. The S&P 500 is down 12 per cent this year, compared to a 20 per cent drop in the the MSCI All Countries World ex US index. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

As the coronavirus crisis ravages the US, what accounts for its stock market outperforming the rest of the world?

  • The US stock market is dominated by tech firms that have benefited from trends such as remote working and online shopping
  • Meanwhile, the economic prospects for other regions are even worse

People walk past The Fearless Girl statue outside the New York Stock Exchange on April 20. The S&P 500 is down 12 per cent this year, compared to a 20 per cent drop in the the MSCI All Countries World ex US index. Photo: AFP People walk past The Fearless Girl statue outside the New York Stock Exchange on April 20. The S&P 500 is down 12 per cent this year, compared to a 20 per cent drop in the the MSCI All Countries World ex US index. Photo: AFP
People walk past The Fearless Girl statue outside the New York Stock Exchange on April 20. The S&P 500 is down 12 per cent this year, compared to a 20 per cent drop in the the MSCI All Countries World ex US index. Photo: AFP
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