The US remained the market to beat in 2025. Will that last?
Investors want returns. And they see them, at least for now, in American technology. Tech accounts for about 35% of the MSCI USA Index, versus just 8% in EAFE, the MSCI index that covers Europe, Australasia, and the Far East. Expected long-term earnings-per-share growth for US stocks is 15%. In EAFE, it is just 11%….