International stocks, represented by the ETF $VEU, have reached a fresh year-to-date high and are closing in on an all-time high in total return. This performance comes as international equities have outperformed U.S. stocks, with European markets rising 10% year-to-date in U.S. dollar terms, compared to a 2% gain for the S&P 500. The DAX index has increased by 13%, despite ongoing economic stagnation in Germany. Analysts note that after 15 years of U.S. equity outperformance driven by tech sector growth, the current trend indicates a shift towards non-U.S. markets. The average return for international stocks and U.S. stocks over the last three years has been similar, around 18% to 19%. Additionally, the U.S. dollar index ($DXY) has seen a 9.5% increase over the same period, although it has recently seen a 0.6% rise today. Year-to-date, international stocks have gained 7.3%, while the S&P 500 has only gained 1.4%. Furthermore, value stocks are up 4.3% this year, contrasting with a 1.2% decline in growth stocks, marking a notable reversal in market trends.