U.S. Stocks are underperforming the rest of the world by the largest margin since 2009

https://bsky.app/profile/carlquintanilla.bsky.social/post/3m2hp4drq4c2t

The MSCI ex-US index is now outperforming MSCI US, and by the largest margin since 2009, a striking reversal after nearly twenty years of US dominance. For years, the narrative of US exceptionalism in markets has held strong, powered by tech innovation, easy monetary policy, and global capital inflows. But with valuations stretched, on-off-paused tariffs, increased corruption, unprecedented government interference in business, a weakened dollar and constant threats to Jay Powell and other FED board members, many investors are clearly beginning to look elsewhere.