Beyond Markets

The Economist magazine ran a story recently, titled “Should investors just give up on stocks outside America?”. It epitomizes the view that many have taken; although the US economy is only 25% of the world economy, its stock market is 75% of world stock market capitalization.
 
Yet the reasons for this are not without merit. Companies would rather list on the US stock market than those of their home countries. Further tax cuts are likely to happen in the US. And its economy has emerged from the pandemic more powerful than any other. As a case in point, a decade ago the GDP per capita of the United States and Canada were almost the same. This year, that of the US is expected to be $86,000, and Canada’s just $54,000.
 
US economy, stock market, tax cuts, December, strategist S&P 500 index forecasts, Canada, Mexico, BRICs, tariffs, sanctions

What is Beyond Markets?

“Beyond Markets” by Julius Baer is a series featuring conversations with experts to share recent market developments, key insights, and strategic inputs from around the globe. In each episode, we cut through the noise to offer practical advice and macro research on today’s shifting economic and market landscape.
The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.