However, Ruchir Sharma predicted that won't likely continue in the 2020s at the same pace.
"This has been America's decade by far. In terms of the American stock market over the last decade, it has been up 250%. All of the other world stock markets, on average, are up 50% or 60%," Sharma said in aSharma, also head of emerging markets at Morgan Stanley's wealth group, said that he's "never seen a period of such outperformance" by the U.S. stock market.
"The 80's saw a spectacular surge in Japanese stocks, which gave way to the American-led tech boom in the 90s, and then to emerging markets dominating in the 2000s. The 2010s saw outsized returns for American mega caps. But if history is any guide the 2020s won't be another American decade."
US. stocks are 56% of world’s marketcap while US is 25% of global economic output, because US companies derive 50%+ of their sales from abroad. Is Ruchir suggesting that every other country, bar China, is able to create local MSFT, AAPL, AMZN, FB, TSLA, MS to shut out the US ?
US. stocks are 56% of world’s marketcap while US is 25% of global economic output, because US companies derive 50%+ of their sales from abroad. Is Ruchir suggesting that every other country, bar China, is able to create local MSFT, GOOG, AMZN, FB, TSLA, M to shut out the US ?.
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