Have the tides changed for international equities?
By: Jeffrey Buchbinder, CFA, Chief Equity Strategist, LPL Financial & Quincy Krosby, PhD, Chief Global Strategist, LPL Financial
Investors got more excited about international investing late last year. Some of that was chasing better returns, as developed international equities solidly beat the U.S. over the last three months of 2022. Some was the increased popularity of value investing as mega-cap U.S. technology stocks became less in favor. The surprising resilience of core European economies and a weaker U.S. dollar added to the market’s excitement. After such strong performance in international benchmarks recently, is there enough good news still yet to come for these markets to continue to outpace the U.S.?
Read the full commentary here: weekly-market-commentary-02.6.2023