International Stocks Continue to Struggle
It has been a banner year for global equities, thanks to the S&P 500 Index’s 24.1% gain year to date. Developed market stocks have also climbed in 2019, but they haven’t shined as brightly as their U.S. counterparts—a consistent theme over the past several years.
Underperformance by international stocks has been persistent in this bull market. As shown in the LPL Research Chart of the Day, the MSCI EAFE Index of developed market stocks has underperformed the S&P 500 in 8 of the last 10 years, including 2019 to date.The impact over the entire period: a total return of 241% for the S&P 500 versus a 72%... Read more