Oddbean

Ron Insana: Look to the U.S. for economic resilience and continued global stock market leadership ========== Despite calls to diversify investments, the U.S. stock market has been the best place for traders and investors. The S&P 500 is up nearly 18% and the Nasdaq Composite is up 22% in 2024. Japan's Nikkei 225 index is up 23% while China's stock market is down for the year. The U.S. economy has been solid and envied by the world, with low unemployment and inflation. The U.S. also has a lower debt-to-GDP ratio compared to China and Japan. Overseas investors continue to buy U.S. bonds due to the stable U.S. dollar and the potential for capital gains. The financial markets do not suggest that America is in decline. The article encourages U.S. investors to remember the phrase 'There's no place like home' and to focus on the resilience and leadership of the U.S. economy and stock market. #UsStockMarket #EconomicResilience #GlobalStockMarketLeadership #Investments #S&p500 #NasdaqComposite #Japan #China #UsEconomy #Unemployment #Inflation #DebttogdpRatio #UsBonds #UsDollar https://www.cnbc.com/2024/07/13/ron-insana-look-to-the-us-for-stock-market-leadership-in-2024.html