The Ditch-America Trade Now Has Its Own Acronym: ABUSA - WSJ
1. Global stocks reached all-time highs, excluding U.S. markets. 2. U.S. stocks struggle to outperform with flat year-to-date returns. 3. U.S. market valuation remains high despite declining growth expectations. 4. Other regions are positioning for growth amidst U.S. exceptionalism decline. 5. Analysts predict a long-term challenge for U.S. earnings growth compared to global peers.