๐ Daily ETF Overview
Looking at our international table, the S&P 500 sits near the middle. Even with U.S. stocks at new all-time highs, a large group of countries are still outperforming by our measures.
This year marks the first in a long time where investors have been rewarded for holding international exposure. With these breakouts holding, we believe this could be the start of a longer-term theme.
Zooming out, international stocks have just broken out of a nearly 20-year base to new all-time highs.
Itโs one of the most bullish charts on the planetโand for asset allocators, it carries major implications.
Weโre in the early stages of a capital rotation that finally includes international markets after a decade on the sidelines.
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