Part 2/9:
In a significant development, U.S. stocks are experiencing their greatest underperformance relative to global equities in over three decades. The intense trade initiatives spearheaded by U.S. President Donald Trump have catalyzed a marked retreat from American assets. According to data illustrated by UK-based Financial Times, the MSCI USA index, which is a broad measure of U.S. equities, saw an 11% decline during the early part of the year, whereas the MSCI Allworld XUS index reported a 4% rise in dollar terms during the same timeframe—the widest performance gap since 1993.