Low interest rates and eye-watering valuations have been credited with driving the U.S.
bull market, but financial conditions haven’t been so different elsewhere. The big reason why U.S. stocks have beaten those in almost every other country during the past decade—and why the trend has limits—is more basic: profits.
This is what everyone has been saying since Trump took office. If you believe this then you believe the pie doesn’t get bigger. That is totally wrong headed thinking. What we need is to continue supporting business and innovation. There is nothing, no reason this can’t continue.
Ahh I wish it lasted forever
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