The MSCI AC World-ex US lagged the #SPX500 in Q2 by -4.8% even with currency helping as the USD was down ~2%.

@factset sector attribution uncovers an odd divergence

In Q2, international #Energy stocks rose ~4% while US #Energy stocks rose ~31%. 🤔🙃

cc: @chigrl, $WTI, #Oil https://t.co/oQ7Ba9MDVA