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Let's take a look at Europe for a second:
A good way to think about Europe's momentum is to remember that they are at a much earlier phase of their economic recovery than the U.S. While we are in our eighth year of expansion with an unemployment rate sitting at 4.5% and interest rates on the rise, Europe has barely nudged forward during that time and still has an unemployment rate hovering around 9.5%, with accommodative monetary policy still cranking ahead.
Source: Zacks

Zacks Investment Management expects earnings growth in the U.S. to approach double digits for the fiscal year 2017, which actually marks the lowest rate of expected growth amongst developed nations! The European Union, the UK, and Emerging Markets are expecting earnings growth to approach the 20% mark.

volatility indices have gotten so low that they are at historically overbought levels.

the overbought condition warns of the very real possibility of a sharp, but short-lived correction.

http://www.optionstrategist.com/blog/2017/07/weekly-stock-market-commentary-7212017?utm_source=Email+Updater&utm_campaign=c7c892609a-Weekly_Blog_Roundup10_1_2014&utm_medium=email&utm_term=0_2f928c56ef-c7c892609a-401733965&mc_cid=c7c892609a&mc_eid=5832e56db7