全球股市在 2025 年上涨了 7.5%，远高于标准普尔 500 指数的 1.7%，表明市场信心发生了转变。 Global stocks rose 7.5% in 2025, far outpacing the S&P 500's 1.7%, signaling a shift in market confidence.

2025 年，全球股市的表现明显优于美国市场，全球 22 个发达经济体指数上涨 7.5%，而标准普尔 500 指数上涨 1.7%。 In 2025, global stock markets have significantly outperformed the U.S. market, with a global index of 22 developed economies rising 7.5% compared to the S&P 500's 1.7% increase. 这一转变标志着与美国之前的市场主导地位背道而驰，并反映了央行政策、货币价值和投资者情绪等因素。 This shift marks a departure from the U.S.'s previous market dominance and reflects factors such as central bank policies, currency values, and investor sentiment. 国际市场的表现优于美国市场，可能表明人们对美国例外论的信心下降。 The outperformance of international markets could signal a decline in confidence in U.S. exceptionalism.