🚨 The US is no longer the king of profitability. And the data is uncomfortable.

Since January 2025, the S&P 500 has risen by around +18%.

Sounds good, right?

Until you look next door:
📊 STOXX Europe 600: +40%
📊 Topix (Japan): +33%
📊 MSCI Asia-Pacific ex-Japan: +30%
Europe, Japan, and Asia are crushing Wall Street. And it's not just this month. It's been a trend for over a year.

What's going on?
The US market has been trading at bubble multiples (forward P/E above 21x) for years, while the rest of the world offers much more attractive valuations with improving fundamentals.
Rotation is no longer a theory. It's happening.

💰 Capital flowing into Europe due to industrial recovery and defense spending.
💰 Japan benefiting from corporate reforms and a competitive yen.
💰 Emerging Asian markets capitalizing on the commodity cycle and supply chain diversification.

Meanwhile, the average investor continues to hold 80% of their portfolio in the S&P 500, thinking that "American always wins."

History tells a different story: leadership cycles rotate. They always have.

🎯 The question is not whether the US is still a good market.
It is whether it makes sense to ignore the rest of the world when it is beating you by 15-20 percentage points.
Sometimes, the best opportunity is where no one is looking.