Global equities outpaced US peers
2h
Global equities outside the United States outperformed U.S. stocks in 2025 as Chinese AI advances and trade-policy shifts prompted investor diversification.
US stocks eclipsed by rest of world in 2025 as investors diversify - giftarticle.ft.com/giftarticle/... via @FT
US stocks eclipsed by rest of world in 2025 as investors diversify
Chinese artificial intelligence advances and the effects of Trump’s trade war have boosted markets outside the US
giftarticle.ft.com
December 29, 2025 at 9:23 PM
US stocks eclipsed by rest of world in 2025 as investors diversify - giftarticle.ft.com/giftarticle/... via @FT
Several media sources are reporting on how—to quote the Financial Times headline (chart below)—"US stocks were eclipsed by the rest of the world in 2025."
This international over US outperformance was years in the making as it came after massive cumulative gains in the ...
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This international over US outperformance was years in the making as it came after massive cumulative gains in the ...
1 of 2
December 29, 2025 at 2:39 PM
Several media sources are reporting on how—to quote the Financial Times headline (chart below)—"US stocks were eclipsed by the rest of the world in 2025."
This international over US outperformance was years in the making as it came after massive cumulative gains in the ...
1 of 2
This international over US outperformance was years in the making as it came after massive cumulative gains in the ...
1 of 2
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Bloomberg: "Chinese stocks look set for their strongest showing since 2017, with the MSCI China Index rising about 28% this year, after a technology-driven bull run broadened out to include companies from gold miners to drug makers."
www.bloomberg.com/news/article...
Bloomberg: "Chinese stocks look set for their strongest showing since 2017, with the MSCI China Index rising about 28% this year, after a technology-driven bull run broadened out to include companies from gold miners to drug makers."
www.bloomberg.com/news/article...
Chinese Stocks on Track for Best Year Since 2017 as Rally Widens
Chinese stocks look set for their strongest showing since 2017, after a technology-driven bull run broadened out to include companies from gold miners to drug makers.
www.bloomberg.com
December 30, 2025 at 7:00 AM
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Bloomberg: "Chinese stocks look set for their strongest showing since 2017, with the MSCI China Index rising about 28% this year, after a technology-driven bull run broadened out to include companies from gold miners to drug makers."
www.bloomberg.com/news/article...
Bloomberg: "Chinese stocks look set for their strongest showing since 2017, with the MSCI China Index rising about 28% this year, after a technology-driven bull run broadened out to include companies from gold miners to drug makers."
www.bloomberg.com/news/article...
Reposted by Greg Linden
My final newsletter of 2025: We're in The Enshittifinancial Crisis, the fourth stage of enshittification, where companies turn on their shareholders. Unprofitable, unsustainable AI threatens future of venture capital, private equity and the markets themselves.
www.wheresyoured.at/the-enshitti...
www.wheresyoured.at/the-enshitti...
The Enshittifinancial Crisis
Soundtrack: Lynyrd Skynyrd — Free Bird
This piece is over 19,000 words, and took me a great deal of writing and research. If you liked it, please subscribe to my premium newsletter. It’s $70 a year, ...
www.wheresyoured.at
December 29, 2025 at 5:14 PM
My final newsletter of 2025: We're in The Enshittifinancial Crisis, the fourth stage of enshittification, where companies turn on their shareholders. Unprofitable, unsustainable AI threatens future of venture capital, private equity and the markets themselves.
www.wheresyoured.at/the-enshitti...
www.wheresyoured.at/the-enshitti...
3/3
Given continued weak consumption growth, and no expected revival in property prices in 2026, I suspect Beijing still won't tolerate sustained decline in the Chinese stock market, and so while it will likely be bumpier in 2026, there is still more upside risk than downside.
Given continued weak consumption growth, and no expected revival in property prices in 2026, I suspect Beijing still won't tolerate sustained decline in the Chinese stock market, and so while it will likely be bumpier in 2026, there is still more upside risk than downside.
December 30, 2025 at 7:00 AM
3/3
Given continued weak consumption growth, and no expected revival in property prices in 2026, I suspect Beijing still won't tolerate sustained decline in the Chinese stock market, and so while it will likely be bumpier in 2026, there is still more upside risk than downside.
Given continued weak consumption growth, and no expected revival in property prices in 2026, I suspect Beijing still won't tolerate sustained decline in the Chinese stock market, and so while it will likely be bumpier in 2026, there is still more upside risk than downside.
Just Published: Stock market development boosts economic growth, where the positive effects are bigger for advanced economies (emerging countries) with stronger (weaker) institutions. authors.elsevier.com/sd/art...
December 29, 2025 at 10:45 PM
Just Published: Stock market development boosts economic growth, where the positive effects are bigger for advanced economies (emerging countries) with stronger (weaker) institutions. authors.elsevier.com/sd/art...
2/3
Early last year I told my clients that government signaling in support of the market had become highly credible, and that the stock market would likely do well. The year started very bumpy, but by September it began a 15-month bull run.
Early last year I told my clients that government signaling in support of the market had become highly credible, and that the stock market would likely do well. The year started very bumpy, but by September it began a 15-month bull run.
December 30, 2025 at 7:00 AM
2/3
Early last year I told my clients that government signaling in support of the market had become highly credible, and that the stock market would likely do well. The year started very bumpy, but by September it began a 15-month bull run.
Early last year I told my clients that government signaling in support of the market had become highly credible, and that the stock market would likely do well. The year started very bumpy, but by September it began a 15-month bull run.
Reposted by Greg Linden
US stocks eclipsed by rest of world in 2025 as investors diversify ft.trib.al/kTmpvzi
US stocks eclipsed by rest of world in 2025 as investors diversify
Chinese AI advances and the effects of Donald Trump’s trade war have boosted markets outside the US
ft.trib.al
December 29, 2025 at 1:05 PM
US stocks eclipsed by rest of world in 2025 as investors diversify ft.trib.al/kTmpvzi
by Greg Linden
Also includes a good summary of Facebook's enshittification: "Facebook was a huge, free platform ... acquired Instagram in 2012 to kill off a likely competitor ... over time would start making both products worse ... deliberately emotionally manipulated people ... full of [ads and] AI slop.”
My final newsletter of 2025: We're in The Enshittifinancial Crisis, the fourth stage of enshittification, where companies turn on their shareholders. Unprofitable, unsustainable AI threatens future of venture capital, private equity and the markets themselves.
www.wheresyoured.at/the-enshitti...
www.wheresyoured.at/the-enshitti...
The Enshittifinancial Crisis
Soundtrack: Lynyrd Skynyrd — Free Bird
This piece is over 19,000 words, and took me a great deal of writing and research. If you liked it, please subscribe to my premium newsletter. It’s $70 a year, ...
www.wheresyoured.at
December 29, 2025 at 6:13 PM
Also includes a good summary of Facebook's enshittification: "Facebook was a huge, free platform ... acquired Instagram in 2012 to kill off a likely competitor ... over time would start making both products worse ... deliberately emotionally manipulated people ... full of [ads and] AI slop.”
Reposted by Daniel W. Drezner, Charles T. Mathewes
The biggest shift in my thinking in 2025 was around housing, with inventory growth spreading beyond TX/FL to all of the South and West. I now believe inventory nationwide will return at least to mid-2010’s levels, which means affordability really will return to 2010’s levels:
December 29, 2025 at 12:34 PM
The biggest shift in my thinking in 2025 was around housing, with inventory growth spreading beyond TX/FL to all of the South and West. I now believe inventory nationwide will return at least to mid-2010’s levels, which means affordability really will return to 2010’s levels: