Kevin Muir, a market veteran and founder of The Macro Tourist, shares his insights on the looming underperformance of U.S. stocks due to shifting capital dynamics. He argues that U.S. assets are overvalued, predicting that capital will flow out of the U.S. in the coming years. The conversation delves into the impact of fiscal deficits, trade policies, and rising nationalism on market sentiment and potential investment opportunities abroad. Muir also highlights the risks of market concentration and the importance of diversifying investments amidst economic uncertainty.