U.S. stocks have trounced their foreign counterparts over the course of the current bull market, but the era of American stock market dominance began to wane this year. “For the first time in years, we’re seeing a broad-based global ecnomic recovery,” says Jim Paulsen, chief investment strategist at Leuthold Group. And although the U.S. is in the late stages of the recovery, foreign economies have more ground to make up—a boon for stocks in those countries.
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