US equity markets continue to grind higher.  The S&P 500 Index is currently over 23% higher than it was this time last year and new recovery highs seem to be established almost every other trading session.

But the recent strength in US stocks has not been matched by other markets. The charts below show the performance of several major indices over the past year.  As you can see, the S&P 500 Index is trading at a yearly high .  All other markets, however, are trading well below their highest level over the past year.

I haven't looked into what this divergence in performance may for future stock price direction. But it's interesting, isn't it?

Enjoy.