The underlying truth here is, smart money is investing with the sentiment that (non us / “foreign and developing markets” ) will outperform the U.S. I think there’s two reasons.
SPY and IWM are ATH, and emerging has better growth potential.
U.S. financial leadership is the poorest it’s been in 50 years because Trump is loose canon on financial policy, and the market really only hates one thing. Uncertainty. If you can price in bad news with certainty, it’s not great for the market, but it’s better than uncertainty. And that guy can open his mouth and wreck your portfolio in one second.
The underlying truth here is, smart money is investing with the sentiment that (non us / “foreign and developing markets” ) will outperform the U.S. I think there’s two reasons.