"Schwab's Ignored Stocks Outperform TW in Capital Markets"

Charles Schwab's chief global investment strategist Jeff Kleintop believes that international stocks are an overlooked opportunity right now, as they have consistently outperformed US stocks this year. He notes that the Stoxx Europe 600 index is expected to see 6% earnings growth in the first quarter, versus negative 5% for the S&P. Kleintop is wary about more volatility to come this year and is concerned about the US commercial real-estate sector, which could be complicated especially given lending seen by smaller banks. He also warns that inflation could come in waves, catching markets off guard.