Performance – S&P 500 Return vs. MSCI Europe Return

Performance – S&P 500 Index vs. MSCI ACWI ex-US Despite rebounding after the tariff pause, the S&P 500 has not regained global equity leadership; European and Asian stocks have outperformed in 2025 due to better valuations and more stable policies. Image: Bloomberg

Seasonality Trends in MSCI AC World Index (Global Equities)

Seasonality Trends in MSCI AC World Index (Global Equities) July has historically been a strong month for global equities, offering opportunities for investors to capture potential gains. Image: BofA Global Quantitative Strategy

Performance – Value vs. Growth

Performance – Value vs. Growth The U.S. market is experiencing outperformance in growth sectors driven by innovation and strong earnings, whereas value sectors dominate outside the U.S. due to slower earnings growth and differing economic dynamics. Image: Goldman Sachs Global Investment Research