The document provides a financial analysis comparing the performance of international equities (MSCI EAFE) against U.S. equities (S&P 500) over time. It includes a line chart showing the rolling 3-year annualized return from December 1972 to June 2015, highlighting periods where international equities outperformed U.S. equities and vice versa. The analysis notes that international equities have historically outperformed U.S. equities in cycles averaging 3.4 years, while the U.S. has outperformed for an average of four years. A table details the S&P 500's performance against MSCI EAFE during a Fed tightening cycle.
documents/vol00010-efta01459571-pdf.pdf
{"title":"Global Equities: All Eyes on Earnings","document_date":"December 2015","document_type":"tabular","document_subtype":"financial analysis","key_organizations":["Deutsche Bank Wealth Management","FactSet"],"reference_numbers":["DB-SDNY-0120069","SDNY_GM_00266253","EFTA01459571"]}