Come on, Agip. Of course, in hindsight.
But no one, no one, not even the love-twins Flaggy and Sally, the two self-proclaimed greatest investors of all time with untold fortunes they will tell you about, could have seen that coming after a decade of overseas greatly underperforming US stocks.
Sectors will fluctuate as might be expected.
But the mass mover of the last decade offered up an opportunity to buy a dip in an otherwise epic wealth-building ascension. Admittedly, not without some risk and no guarantees, since there never are, but to my mind it may be this simple - the tremendous bull market of the last 13 years was interrupted with pesky inflation and the Fed promising to real it in with interest rate hikes. It was doing so aggressively, and to most everyone's consternation, signs of strong growth in the economy (as evidenced in employment numbers particularly) persist even though the pesky inflation was slowing. So the Fed had to keep promising to be keep rates high for longer and be persistent about rate increases.
Then, and this is the new part, weakness in the banking sector sent a signal to the Fed of some unintended and rather serious consequences to what they were doing, and perhaps there were limits. So, investors see a Fed now finally easing off, and move in. My bet: this rebound has legs.