Global stocks, as measured by the MSCI World Index, are up nearly 10% year-to-date.
"I see election risks as one of — if not the biggest — risks to markets in the second half of the year."
Why international stocks will best the USInvestors should hedge against the potential downsides of populism and geopolitical conflicts by owning a diverse basket of international stocks, Kleintop said.
If that pattern holds, foreign firms will take the baton from US equities, which have mostly led global markets since the financial crisis.
Advertisement"I wouldn't say that you would want to abandon US equities, or even abandon some of those high-flying tech or AI-related stocks," Kleintop said.
Persons:
—, Jeffrey Kleintop, Charles Schwab's, Kleintop, that's, Donald Trump, it's, isn't, Tesla, we've, He'd
Organizations:
Service, Business, Apple, Meta, Microsoft, Nvidia, International
Locations:
Europe, United Kingdom, globalism, India, Mexico, Asia, Russia, Ukraine