👉 International stocks are outperforming the S&P 500 Index this year
👉 The MSCI World Index excluding the US has jumped 18% compared to a 7.8% gain in the S&P 500
👉 Fears of tariffs and trade uncertainty are driving the shift
👉 Strategists believe the valuation gap between US and international markets is 'historically wide'
👉 Investors are over-invested in the US and under-invested in other markets