You’ve probably heard of the Magnificent 7 stocks which have boosted US stock returns. But have you heard of the GRANOLAS?

Wisdomtree points out that US stocks don’t have a monopoly on Acronyms or high returns. Europe’s GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L’Oreal, LVMH, AstraZeneca, SAP & Sanofi produced returns of nearly 60% since 2021, compared to the Mag 7’s 66%. As a result, the European index hit all-time highs in February.

Europe’s markets aren’t the only ones doing well: India is pushing all-time highs today after a 20% rally in 2023.

Several other global markets are making new all-time highs (ATHs) too:

1. Japan broke a 30+ year slump to make new ATHs last month

2. Mexico made new ATHs in February 2024

3. Brazil reached new ATHs in December 2023

America may have held the investment spotlight for a decade, but that doesn’t mean there isn’t a world of innovators out there. US and International stocks have a history of taking turns in stock market leadership. And those cycles tend to last years, not months:

International stocks appear to be breaking out of their long-term slump. While diversified investors may have been disappointed by international returns vs the S&P 500 recently, we think this a trend worth watching.