U.S. Market Exceptionalism
Other countries have experienced worse investor outcomes through lost wars, economic meltdowns, hyperinflation, and deflation. The U.S. stock market has benefited from an exceptional economic history and strong corporate earnings growth. I…
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Other countries have experienced worse investor outcomes through lost wars, economic meltdowns, hyperinflation, and deflation. The U.S. stock market has benefited from an exceptional economic history and strong corporate earnings growth. Investors should not assume U.S. exceptionalism will continue permanently. The belief that stocks always recover is strongly influenced by the historical success of the U.S. market.