Reporting on the rotation from the US to the ROW, the @WSJ highlights that investors are increasingly directing capital toward international markets. This marks a departure from the strategy of recent years, during which money managers viewed the U.S. stock market as the sole viable option and placed heavy bets on the largest American companies. That perception is now changing. Optimism for foreign assets is being driven by factors such as fiscal stimulus in Japan and a boom in European military spending. Furthermore, traders are seeking more attractive valuations compared to the expensive shares available at home. There is also a distinct effort to diversify away from major domestic indexes, which are heavily concentrated around a limited number of names in the tech industry. #markets #stocks