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2026-09-23

The US-to-Latin-America Equity Ratio Rises to 2.41, With US Stocks Historically Expensive

The US-to-Latin-America Equity Ratio Rises to 2.41, With US Stocks Historically Expensive

Key points

US stocks (MSCI USA) vs Latin American stocks (MSCI LatAm) and their ratio, 1990-2026 | Ratio at 2.41 near record highs, marking US stocks historically expensive

Image source: @TaviCosta