Episode 22 - A Market Surprise: Why European Stocks are Beating the U.S. in 2025 episode artwork

EPISODE · Apr 2, 2025 · 19 MIN

Episode 22 - A Market Surprise: Why European Stocks are Beating the U.S. in 2025

from Market Perspectives with Don Calcagni

It's a reversal of fortune from recent years: the S&P 500 has stumbled to start 2025, but international stocks — especially in Europe — are doing exceptionally well. Don Calcagni, chief investment officer of Mercer Advisors, shares his analysis of why European stocks are having a surprisingly strong performance after several years lagging the U.S., and what it teaches us about building resilient portfolios.

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Episode 22 - A Market Surprise: Why European Stocks are Beating the U.S. in 2025

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