For almost a decade, the US market has outperformed both developed and emerging-market equities.
If Biden reenters trade agreements like TPP, foreign stocks can outperform US stocks this year.
Commodity exporters and Asian importers are primed to benefit the most, John Traynor says.
Traders work on the main trading floor of the New York Stock Exchange March 21, 2007. Brendan McDermid/Reuters
International equities could do better than their US peers if Joe Biden is successful in reengaging the US with the rest of the world from a trading standpoint, according to People s United Advisors CIO John Traynor. Over the past several years, clients were questioning why they had global allocation to their portfolio, and we believe that those questions will be laid to rest this year, he said.
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