International stocks have outperformed the S&P 500 in both 2025 and so far in 2026, but this outperformance is entirely driven by semiconductor stocks, particularly TSMC, Samsung, and SK Hynix which comprise approximately one-third of the Asian MSI index, meaning ex-semiconductors international performance is actually quite poor.
factualpending
Speaker
Louis GavkEvidence Quote
“international stocks have have outperformed this year...if you strip out the semis...in the Asian markets TSMC Samsung SKHEX that almost make up a third”
Source
There's Going To Be One Hell Of A Hangover When The Market Party Ends | Louis Gave— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 6:25:43 PM
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