Europe Is Sinking the Global Economy While Juicing U.S. Stocks

  • Basket of American companies exposed to Europe up 23% in 2019
  • IMF sharply downgrades its outlook for euro-area economies

The soft spot for the global economy is a source of strength for the U.S. stock market.

A basket of American companies with outsized exposure to Europe is up about 23 percent this year, outpacing the S&P 500 Index’s 15 percent advance and the 12 percent gain in European equities in dollar terms.

Luke Kawa | Bloomberg

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