👉 International stock markets are expected to outperform the US this year
👉 Tariffs are causing fears of an outsized impact on Corporate America's earnings growth
👉 The MSCI World Index excluding the US is outperforming the S&P 500
👉 Markets like Mexico, Canada, Germany, Spain, Brazil, and the UK are showing significant gains
👉 Investors are over-invested in the US and under-invested in other markets
👉 The valuation gap between US and international markets is historically wide