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Investing during an era of American Exceptionalism

As 2024 draws to a close, it is becoming clear that the U.S. equities have led the way for most of the year. The accompanying chart shows the relative returns of equities by major region against the MSCI All-C ountry World Index (ACWI). The U.S. has been the only safe-haven of growth as the economies of other regions sputtered.

 
This was the year of TINA (There Is No Alternative) for American equities. Can it continue into 2025?

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