Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Hello, Smart Money Tree podcast listeners.

I'm Megyn Gorman.

Stepping in today for Kirk Chisholm and welcome to the show.

Now today we're really excited because a year ago we had Jeffrey Kleintob from Schwab on our show and he's the show. Now, today we're really excited because a year ago, we had Jeffrey

Kleintob from Schwab on our show, and he's joining us back today. Hi, Jeff. How are you doing?

Hi, Megan. I'm thrilled to be back. Thanks for having me. Oh, no, it's our pleasure. So just for our

listeners, for a little bit of background, Jeffrey Kleintob is managing director and chief global

investment strategist at Charles Schwab. And he is responsible for analyzing and discussing

international markets, trends, and events to help investors understand their significance and

financial implications. And he provides research, commentary, and insights to Schwab's client-facing

teams and the firm's investor services and advisor services clients. So that's Jeff's background.

And welcome back to the show. It's been a year, but gosh, it seems like it's been like 10 years.

There's so much that's happened in the last year. It seems like every year feels like a decade at this point. It does. And I actually went back and looked at our last show

last year. And before we dive into 2022, because I know our listeners have a lot of questions,

I want to go back a year. Last time we spoke, when we were looking at the 2021 markets, you had a really heavy emphasis

on international developed. You were really excited about what we were going to see in

Euroland. So I'm sort of curious. Did it play out as you expected? Well, yes and no. I thought

European markets would outperform U.S. markets last year.

And while the stock 600 Europe index was up 26 percent, it wasn't enough to beat the U.S.

stock market, which put it in an incredible year. So while the markets did more or less what

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