"Just checking price history for the YTD for the XJO and the SP500 and the disconnect is very marked."
On another forum, someone gave an explanation for the difference between Australia and the US stock markets:
Australian stocks pay out twice the yield compared to the US. So our index will generally lag, and US companies will trade at higher multiples. For example, S&P500 yield is < 2%, whereas XJO yield is 4.5%.
Of course, we can accelerate if there’s a commodities/mining boom.
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |