America First? Not when it comes to stock markets worldwide this year
The US stock market has risen in 2025 and isn’t far from its all-time high set last week. But it’s climbed less than stock indexes in Mexico City, Paris and Hong Kong.
ADVERTISEMENTWhen it comes to stock markets around the world, this year has clearly not been “America First”.
The difference in performance has been so stark than an index of stocks from 22 of 23 developed economies around the world, excluding the United States, has trounced the S&P 500: a 7.5% rise through Monday versus 1.7% for Wall Street’s benchmark.
The split in performance has many causes and, if it continues, it would mark a sharp reversal following years of US exceptionalism.
Signs of strain for the US markets?
The US stock market has been the clear…
