American exceptionalism: US earnings growth to outpace global counterparts

The US today accounts for about 67 per cent of the MSCI World equity indices, meaning that corporate America is worth more than twice all other markets combined

There has been a series of articles and comments by numerous market observers on the United States (US) equity market, and the near-universal belief that it is the only market worth investing in. Most of these market observers are of the view that the US is in a bubble and we are seeing peak US bullishness. The consensus remains overwhelmingly positive on the US and many global investors have given up looking at other geographies like emerging markets (EMs). The EM asset class currently has serious challenges in trying to remain relevant. Much of the global outlook for 2025 and