The lessons of equity markets don’t apply universally
It’s the US independence day holiday and this chart should give Americans more to cheer about than any other.
It shows equity returns since 1985 and the S&P 500 absolutely crushes every other major global index. The only one that’s even close is the MSCI World Index and that’s partly because it contains a heavy weighting in US equities.
Corporate America truly is the champion of the world.