US stocks are crushing the global competition in 2024
The United States has endured some ups and downs in recent years, but its equity market’s run continues to be the envy of the world.
The S&P 500 has outperformed the MSCI All Country World Index in every year since 2017 and in 9 of the past 10.
The incoming Trump administration’s market-friendly policies, like corporate tax cuts, could further fuel its outperformance, Reuters columnists wrote:
“The S&P 500 has gained over 24% in 2024, putting it well ahead of benchmarks in Europe, Asia and emerging markets. At 22 times expected future earnings, its premium to an MSCI index of stocks of more than 40 other countries stands at its highest in more than two decades, according to LSEG Datastream...
Some market participants believe Trump’s agenda of tax cuts, deregulation and even tariffs can further fuel US exceptionalism, outweighing worries over their potentially disruptive nature and inflationary potential.”
“The S&P 500 has gained over 24% in 2024, putting it well ahead of benchmarks in Europe, Asia and emerging markets. At 22 times expected future earnings, its premium to an MSCI index of stocks of more than 40 other countries stands at its highest in more than two decades, according to LSEG Datastream...
Some market participants believe Trump’s agenda of tax cuts, deregulation and even tariffs can further fuel US exceptionalism, outweighing worries over their potentially disruptive nature and inflationary potential.”