On the Minds of Investors
Top questions on the minds of investors
See what your peers are asking and read answers from our team of Global Market Strategists.
September 21, 2018
Why are international stocks down this year?
After a stellar 2017, with strong returns and outperformance relative to the U.S., international equities are under pressure again. In order to consider how long this dynamic may last, investors may be asking themselves: why exactly are international stocks down this year?
When sentiment takes over
Sources of global equity returns, total return, USD
Source: FactSet, MSCI, Standard & Poor’s, J.P. Morgan Asset Management.
All return values are MSCI Gross Index (official) data, except the U.S., which is the S&P 500. Multiple expansion is based on the forward P/E ratio and EPS growth outlook is based on NTMA earnings estimates. Data are as of September 21, 2018.