Core Insights - The MSCI All-Country World Index has reached a new historical high, surpassing its previous record set in February, driven by the resilience of the U.S. economy and strong performances in European, South American, and Asian markets [1] - The global stock market has rebounded significantly since April, influenced by a more moderate tone from U.S. President Donald Trump regarding tariffs and various countries implementing stimulative fiscal or monetary policies [4] - Optimism surrounding the earnings season, particularly for AI leaders like Nvidia, has bolstered bullish sentiment in the market, alongside robust U.S. labor market data indicating economic resilience [4] Group 1 - The MSCI global index rose to 887.73 points, exceeding the previous record of 887.72 points set in February [1] - The S&P 500 and the European Stoxx 600 indices remain over 2% below their peaks earlier this year [1] - The "TACO" strategy, which suggests that Trump often retreats from aggressive tariff threats, has become a popular trading strategy among investors [5] Group 2 - Non-U.S. international stocks have significantly contributed to the MSCI global index's new high, outperforming U.S. stocks, which have historically dominated the global market [5] - The decline of the "American exceptionalism" narrative has led to a focus on cheaper valuations in overseas markets, with aggressive stimulus measures in countries like Germany [6] - Investors are increasingly looking for diversified investment opportunities outside of U.S. tech giants, focusing on undervalued European stocks and AI innovators in Asia [7]