According to The Kobeissi Letter, approximately 90% of foreign stock indices have outperformed the US market over the last 21 days, marking the highest percentage since the 2022 bear market. This trend coincides with a 6.5% decline in the S&P 500, highlighting a notable shift in market dynamics as investors may seek opportunities outside the US. The shift has been especially pronounced over the past three weeks.

According to The Kobeissi Letter, approximately 90% of foreign stock indices have outperformed the US over the last 21 days, marking the highest percentage since the 2022 bear market. The S&P 500 has decreased by 6.5% during this period, while foreign indices have gained momentum. This trend suggests a potential shift in investment focus towards international markets, which could influence trading strategies and portfolio diversification.