U.S. and international markets are trading at historically wide valuation gaps, setting the stage for potential foreign market outperformance in the years ahead.

Uber is scheduled to report results for its fourth fiscal quarter before the market opens on Wednesday, February 4.

Here’s why it changes nothing about the long-term setup—and may have just made it better.

The immediate trigger for the rout appears to be a replay of concerns first aired after Broadcom’s December guidance.