From 1st January 2017 to 8th February 2018, a period of just over 13 months, the Dow Jones Industrial Average (just one of the measures of the US stock market) was up an impressive 20.7% in local currency. This is despite two very weak days of trading over the last week, weak enough to be labelled a market correction.
However, in Euro terms, the return has been more modest as the dollar declined by 14.2% over the same period. The combined effect of the stock market growth and dollar decline means that Euro investors have seen a return (excluding dividends) of 3.6% over this 13 month period. This is still a good return of course!
Trident Consulting advises pension schemes and individuals on investment and related matters