The S&P 500 is on track to relinquish its status as the world’s top-performing stock index for only the second time in a decade, currently ranking 41st globally with a 16% annual return. Despite generating $7.7 trillion in market value, it lags behind international markets, trailing the MSCI All Country World Excluding U.S. Index by over 10%. Factors such as trade uncertainty and the economic impact of tariffs under the Trump administration have contributed to this underperformance. Meanwhile, the AI boom continues to drive growth for a select number of tech companies, creating a two-speed economy in the U.S.





