The chart of the week shows the current discount International stocks are trading at relative to US stocks, based upon the current P/E ratio. We have highlighted in the past the ongoing US dominance in performance, by some measures 14 years of outperformance,  and while that may still continue, International stocks continue to get cheaper and cheaper on a relative basis. As of year-end 2021, International stocks were trading at a 32.7% discount.

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