Global Equity Risk Premia - 2025-03-23
Date:
Monday, March 24, 2025
Summary:
US stocks have underperformed all major markets except Japan year-to-date, the most significant such event in many years. So the great long-standing disparity in global equity risk premia has partially resolved. The US ERP has widened. Almost all others have narrowed. But based on each country's own historic norms, the US ERP remains the most anomalously wide.