Rest Of World Pulls Ahead

2026-02-23 15:40:00 ET

In today's Morning Lineup, we discussed how the US is experiencing near-historic underperformance relative to the rest of the world so far this year. Obviously, there's still a lot of time left, considering February isn't even over yet. However, the US S&P 500 ( SPY ) is basically unchanged YTD following today's declines, whereas the rest of the world ( ACWX ) is closing in on a double-digit gain. Looking at more specific areas, below we show the year-to-date performance of various regional ETFs. As shown, the S&P 500 has been utterly left in the dust. Meanwhile, Asia excluding Japan ( AAXJ ) is up 12.6%, Emerging Markets ( EEM ) are up 12.8%, and Latin America ( ILF ) is up 20% in under two months....

Read the full article on Seeking Alpha

For further details see: