Four G7 countries have done better than the US so far in the third quarter -- Italy, France, Germany and the UK. Only Canada and Japan have underperformed the US this quarter. And the BRICs have also been doing well over the last month and a half. As shown, Brazil, Russia and China are all up more than 6%, which ranks them above the US with a QTD gain of 4.93%. India, on the other hand, has underperformed the US and is even in the red at -0.15%.