Pzena Investment Management·2026-04-30·via All Articles on Seeking Alpha
Summary
Non-U.S. equity markets saw mixed results in the first quarter, as a spike in oil prices combined with AI disruption fears led to heightened uncertainty following a very strong 2025.
The consumer discretionary, industrials, and communication services sectors all detracted from absolute performance in the quarter.
The constantly shifting macroeconomic environment and uncertainty over AI's evolution have resulted in elevated dispersion between individual stocks.
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Non-U.S. equity markets saw mixed results in the first quarter, as a spike in oil prices combined with AI disruption fears led to heightened uncertainty following a very strong 2025. Value stocks continued to outpace growth stocks, in
