Chart of the Day 📈 2/20/26: Go Global. Your Portfolio Will Thank You.

Mike Larson | Editor-in-Chief

Should you “Go Global” in your portfolio? I think so. But more than that, the data shows it’s paying off!

Check out my MoneyShow Chart of the Day. It shows the performance of the S&P 500 Index (^SPX) relative to the MSCI World ex. US Index. You can see that so far in 2026, US stocks are underperforming global equities by the widest margin in 31 years!

Source: Goldman Sachs

The year is still young, of course. But this isn’t a new trend. US stocks radically underperformed global stocks last year, too. The State Street SPDR S&P 500 ETF (SPY) has delivered a total return of 18.4% since Jan. 1, 2025, compared with 44.8% for the iShares MSCI ACWI ex US ETF (ACWX).

Why? My guests on this week’s MoneyShow MoneyMasters Podcast covered some of the reasons here. But in a nutshell, it stems from currency market movements, geopolitical developments, economic stimulus, and valuations.

The US dollar is falling. The Trump Administration’s policies are helping shift global alliances and capital flows. Foreign economic stimulus is boosting growth prospects in Asia and Europe. And foreign equities are cheaper than US stocks. The forward P/E for the S&P is around 22X, compared with only 15X for the MSCI ex-US index.

Those are all reasons why investing beyond US borders looks like a smart play here. It’s worth noting that this isn’t a new suggestion for me. I’ve been saying the same thing for more than a year at MoneyShow events. And I plan to keep sharing that message until market dynamics shift!

Editor’s Note: I will be hosting our 2026 MoneyShow/TradersEXPO Las Vegas next week. There will be no Trading Insights newsletter on Monday and Wednesday as a result. Publication will resume on Friday, Feb. 27. I hope to see you at the Paris Las Vegas for the event!

Fernandez and Hickey: With Money Leaving Tech, Here’s How to Trade the ROTATION

Rotation is the word of the year, and it’s reshaping everything from tech stocks to energy, materials, and even global markets. In this episode of the MoneyShow MoneyMasters Podcast, I sit down with Victoria Fernandez, chief market strategist at Crossmark Global Investments, and Paul Hickey, co-founder of Bespoke Investment Group, to break down what this market rotation really means for investors and traders.

We talk through why leadership is shifting away from mega-cap tech, how a “bullish but brittle” market changes portfolio strategy, and where investors need to be more selective right now.

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