International Stocks Surge Amid Global Growth and Low Dollar

International stocks have had a strong year, outperforming US stocks, driven by lower valuations, a decline in the US dollar, and increased spending abroad. European and Asian markets have embarked on an easing cycle, while the Federal Reserve has been cautious. The greenback's decline has been a major tailwind for international stocks, particularly for US dollar-based investors. International diversification has also been on the radar, given significant spending abroad, such as military-industrial investments in Europe.