Excited About U.S. Equity Returns? Don’t Forget Pets.com

Over the past several years the performance of the U.S. equity market has widely outpaced the rest of the world. Part of the reason for that outperformance has been the superior growth trajectory in the U.S. following the Global Financial Crisis (GFC), and part stemmed from the expansion of multiples in U.S. equities. Another less […]