This cannot possibly happen to US markets because US markets are special?
By Wolf Richter for WOLF STREET.
Most major stock markets globally rose in 2023, some by a lot, but a bunch of them are still below their all-time highs 15 or 20 or 35 years ago, while others are barely above those all-time highs from a generation ago.
It was a funny year for US stocks, with the magnificent 7 stocks carrying the markets, with the Dow and the Nasdaq 100 setting all-time highs, while the S&P 500 ended a hair below its all-time high two years…