The Financial Post reports in its Tuesday edition that equity markets in the United States are getting a lot of attention and they should, given how strong a performer they have been, but this isn't without consequences since investors love to chase performance, and there certainly was a wide gap in 2023, with the S&P 500 outperforming the S&P/TSX Composite Index by nearly 13 percentage points. Regular guest columnist Martin Pelletier writes that this has come at a direct cost closer to home since Canadian markets recently had an unprecedented sell-off by foreign investors, according to BMO Economics. In 2023, these investors disposed of a staggering $48.7-billion worth of Canadian equities, the country's largest annual outflow on record. This rate of $4-billion per month is in stark contrast to the usual net buying of about $1-billion per month over the past three decades. Mr. Pelletier thinks that over all, he does not think this imbalance will materially improve unless two of its largest sectors -- banking and energy -- start to perform. The United States is no doubt the place to be for those looking for growth and momentum, but you must be willing to put up with the tremendous volatility that comes with it.