[simongray]

> And what's the actual result? Just look at the market capitalization of European companies compared to US companies..

Europe is actually doing quite well at the moment. The European stock markets have over-performed quite decently vs. the US ever since Trump became president, despite the various curveballs thrown at Europe in recent years. Market capitalisation in the US is held up primarily by the Magnificent 7 who are great outliers in the American stock market.

[Saline9515]

There is a recency bias here. The Sp500 has outperformed the Stoxx600 every year for the last 5 years, except 2022.

Cumulative returns are around 100% for the american index, vs 60% for the EU one.

[simongray]

Maybe the momentum of Stoxx600 will last the next 4 years? Or maybe the S&P500 will come crashing down soon? Who knows.

The Shiller PE ratio is insanely high. At least the European market isn't completely overinvested in just 7 companies who are spending a lot of their money on the exact same thing, so it has that going for it.