Can Trump Make American Exceptionalism Last?: John Authers

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Today’s Points:

• American exceptionalism is getting exceptionally extended.
• Nevertheless, it’s hard to bet against it continuing, absent a new wave of inflation.
• China has a bull market, in bonds.
• As expected, France’s government has fallen; markets are calm and awaiting the next shoe to drop.
• AND: Young YouTubers know how to take down sports betting.

This Is America

There are three powerful forces in the world of investment that you never want to bet against: Momentum, Mean Reversion, and US Exceptionalism. ...