Global stocks trounced the U.S. during the first quarter. Is ‘American exceptionalism’ in trouble? - MarketWatch
1. S&P 500 lags behind global stocks by 11 percentage points in Q1 2025. 2. International stocks outperforming U.S. marks a historical first for Q1. 3. U.S. dollar declines create a double whammy for foreign investors. 4. Strong earnings growth for U.S. companies expected in 2025. 5. Trump's policies increase uncertainty, impacting international market investments.