Is American exceptionalism still alive?

For over a decade, US equities have rewarded investors with strong returns thanks to their corporate and economic strengths. US companies have consistently outperformed their global peers, particularly in the healthcare and technology sectors. Better business models, greater pricing power and smarter capital allocation have laid the foundations for long-term earnings. The country’s economic growth forecasts, productivity, and favourable demographics have also powered American exceptionalism. The market’s make-up has also separated itself from others, with the Magnificent Seven stocks’ profitability...