The Tell
‘Lower than average correlations and positive returns are often magnets for incremental institutional capital,’ says DataTrek
Will international stocks fare better than U.S. equities again in 2023?
Angela Weiss/Agence France-Presse/Getty Images
International stocks are broadly outperforming this quarter, decoupling from the U.S. to an unusual extent, according to DataTrek Research.
“Non-US stocks have decoupled from domestic equities by a statistically unusual degree over the last 50 days,” said Nicholas Colas, co-founder of DataTrek, in a note Tuesday. This together with their outperformance may bode well for flows into international stocks heading into the second quarter, according to the note.
“Lower…
