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The good news about what's driving global stocks

When it comes to global market moves, the U.S. is driving the bus – a fact that could weigh on stocks everywhere as investors again contemplate a U.S. economy that is about to lose its biggest source of support.

Strategists at Pavilion Global Markets noted that the world remains highly correlated with the U.S. market, which means that major indexes tend to zig and zag together. But they added another layer to the analysis by looking at which market has the most influence – or has the greatest “gravitational pull,” as they put it.