As the S&P 500 and Dow roar to new highs, with the Nasdaq not far behind, attention is understandably centered on the resilience of corporate America and its extraordinary earnings power. But from a global perspective, the performance of Wall Street – and the U.S. – is far from exceptional.
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Wall Street’s performance isn’t so ‘exceptional’ on the global stage
As the S&P 500 and Dow roar to new highs, with the Nasdaq not far behind, attention is understandably centered on the resilience of corporate America and its extraordinary earnings power. But from a global perspective, the performance of Wall Street – and the U.S. – is far from exceptional.