Dollar weakness was a major catalyst for global stocks, says BFG Wealth's Peter Boockvar

• US market cap dominance reached post-WWII highs, exceeding its share of global GDP, signaling a potential pendulum swing.
• Dollar weakness in the past year acted as a significant catalyst for the outperformance of non-US stocks.
• Investors are diversifying beyond the 'Magnificent 7' US tech stocks, seeking opportunities in undervalued international markets.
• Geopolitical factors like trade wars have prompted other countries to deregulate and pursue trade deals, stimulating their economies.

Peter Boockvar discusses the shift in global equity markets, highlighting the extreme dominance of US stocks post-WWII and the subsequent rotation into international markets. He attributes this to dollar weakness, attractive valuations abroad, and other countries' efforts to boost their economies and forge new trade relationships, suggesting this trend will continue.