February 2023 / VIDEO
Video: A Long-Awaited Reversal
U.S. equities trailed the rest of the world in 2022, and near-term tailwinds could continue to favor international markets
After nearly a decade of outperformance, U.S. equities trailed the rest of the world in 2022, and many wonder if this shift in performance will continue in 2023. In our view, improved economic outlooks in China and Europe, coupled with a weaker U.S. dollar, may favour international markets in the near term.
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Tim Murray is a capital market strategist in the Multi-Asset Division. Tim is a vice president of T. Rowe Price Associates, Inc.
