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International stocks are breaking out as Japan's Nikkei 225 reaches 33-year high

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Bank of America plotted the MSCI all-country world index ex-U.S. vs. global bonds -- and noted that it's broken out of a 15-year trading range.

The rally this year in U.S. stocks has been centered on megacap tech stocks, but international equities have enjoyed a boom as well that is more broad based.

There... The rally this year in U.S. stocks has been centered on megacap tech stocks, but international equities have enjoyed a boom as well that is more broad based.

 

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