International stocks have underperformed for so long it makes sense many investors assumed the turnaround last year was a blip.
Maybe it will be in the grand scheme of things but the ex-U.S. trade is gaining steam.
Let’s run through some charts.
This is the best start to the year since 1995 in terms of foreign outperformance over U.S. stocks:
If you look back to the start of 2025, the outperformance by European sto…