*Last few weeks, we've seen mentions of record flows out of U.S and in to international stocks. Along with it, a lot of Fintwit was also talking about international outperformance.

Just another example of a perfect sentiment peak.
International was actually outperforming for almost an exact year, but people only started talking about it when the relative performance started going parabolic.
Chart below is $EMXC (emerging markets excluding China) divided by $SPY S&P500.
Now $EMXC and other international ETFs are falling off a cliff.
*I'm still bullish (international over U.S) on a multi year basis, but this trend needed to cool off.