Hints and tips:
...Here, for example, is the S&P 500 against the MSCI world ex-US and MSCI emerging market indices: This divergence has made “this is the year that international stocks catch up with the US” a perennial January...
...That piece drew on a paper by Michele Aghassi and Dan Villalon of AQR, which has one important point we didn’t get to on Monday....
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