Global Economies are Healthy – International Investing is Good Diversification
Time to kick the “Home Bias”
Global Manufacturing PMI Heat Map: The Purchasing Managers’ Index (PMI) is an indicator of the economic health of the manufacturing sector. The four major economies of the world (US, Europe, China and Japan) are all growing. PMIs are a strong leading indicator for public company earnings.
Year over year export growth (US + China + Japan + South Korea + Germany): Global trade is strong as the demand for goods from these exporting countries trends upwards.