According to @lisaabramowicz1, the S&P 500 is up 17.4 percent year to date as of Monday’s US close, while the MSCI All Country World ex US index is up 29 percent, the widest US underperformance versus the rest of the world since 2009, source: @lisaabramowicz1. This implies an 11.6 percentage point performance spread favoring non US equities, offering a concrete relative strength measure that traders can monitor for cross asset positioning, source: @lisaabramowicz1. Crypto traders can reference this spread when evaluating BTC and ETH risk exposure within broader global risk sentiment analysis, source: @lisaabramowicz1.