While the S&P 500 and Nasdaq Composite may appear expensive relative to European peers, US businesses and the US economy both look better positioned to face the challenges and opportunities that lie ahead.
Unlike Europe, the US has a federalist structure with common debt mutuality. Both have a single currency regime, but for Europe - a region with significant regional and productivity differentials -...
The US dollar is close to peaking and the risks now seem to be on the downside.
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