Developed markets outside the U.S. (EFA +2.6%) gain on the S&P 500 (SPY +1.9%) today, but...
Developed markets outside the U.S. (EFA +2.6%) gain on the S&P 500 (SPY +1.9%) today, but the S&P continues to post far better performance over a longer stretch. On a Y/Y basis, EFA +5% has trailed the S&P by nearly 1,800 basis points.
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