German Stock Surge

By Staff of Bespoke Investment Group

Financial Research, Money Management • Mar 5, 2025 at 5:15 PM EST

The MSCI Germany has surged this week with a 6.8% gain week-to-date.

The S&P 500 (SPY) had a solid session Wednesday with a 1% gain, but that still leaves it down 1.87% week-to-date. Meanwhile, across the pond in Europe, German equities are surging. Germany has unrolled significant fiscal changes this week which we discussed at length in last night's Closer in addition to a more succinct explanation in today's Morning Lineup.

To put it lightly, investors appear to love the news. The MSCI Germany ETF (EWG) has surged this week with a 6.8% gain week-to-date. As shown below, that is a historically large 3-day run for the ETF/country. In fact, it is the largest three-day gain since November 2022 and ranks just shy of the 99th percentile across all three-day moves in the ETF's history. Relative to what has transpired in the US, things get even more historic. The three-day performance of EWG has outpaced SPY by 8.69 percentage points. Going back through the nearly 30 years of price history, only two periods saw wider performance spreads: around the COVID Crash lows five years ago and at the start of 1999.

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Disclaimer:

Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. This is not personalized advice. Investors should do their own research and/or work with an investment professional when making portfolio decisions. As always, past performance of any investment is not a guarantee of future results. Bespoke representatives or clients may have positions in securities discussed or mentioned in its published content.

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