after a decade of lagging behind the sp 500 foreign markets have been on a roll supercharged by china’s abandoning its zerocovid policy and a warm european winter that has helped the eurozone avoid a recession despite the war in ukraine  the 14 gain in the ishares msci eurozone exchangetraded fund ticker ezu and the 13 increase in the ishares msci china etf mchi so far this year have beaten the sp 500’s 77 rise some strategists see a bigger shift at hand as some of the megacap us tech stocks that have dominated markets over the last decade face increasing challenges that could create more of a level playing field for foreign markets