Korean stock market FOMO risks crash. US stocks have PEAKED.

⚠️US stocks have PEAKED:

The price ratio of US to international equities started to DECLINE in November 2024, with the Magnificent 7 leading the underperformance.

This follows 2 decades of US dominance, the biggest run in data going back to 1950.

The shift is now supported by… pic.twitter.com/aYPJpWXI9p

— Global Markets Investor (@GlobalMktObserv) February 26, 2026

Korean stock market FOMO risks crash:https://t.co/KLUBYzJEwP
"The Bank of Korea noted rising market volatility and investor anxiety, with VKOSPI spiking to levels typical of market crashes"

It's very unusual for implied options volatility to rise during a rally unless there is… pic.twitter.com/EEnG80Jtbk

— Mac10 (@SuburbanDrone) February 26, 2026

UBS downgrades the U.S. stock market. Here’s what has the investment bank worried

UBS’ top equity strategist dialed back his view on U.S. stocks, citing mounting risks from a weakening dollar, stretched valuations and policy turbulence in Washington.

Andrew Garthwaite, head of global equity strategy at the investment bank, downgraded American equities to “benchmark” in a fully invested global equity portfolio, arguing that the factors that powered years of outperformance are starting to fade.

The dollar risk is a central concern, Garthwaite wrote. UBS forecasts the euro climbing to $1.22 by the end of the first quarter and sees “asymmetric structural downside risks” to the greenback. Historically, when the dollar’s trade-weighted index falls 10%, U.S. equities underperform by roughly 4% in unhedged terms, according to the bank.