U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets

The exceptional American, and the idea that the American economy and its financial markets are distinct compared to those in other countries, are still alive and in good health, at least according to stock markets.

Since the April SIM, the NASDAQ index in Wall Street has increased by 31 %, while the broader S&P 500 index increased by 24 %, according to the TRADINGVIEW data source. Other major indicators, such as DAX in Germany, France Cac, Japanese Nikkei, and Chinese Shanghai, are delayed behind Wall Street.

NASDAQ and S&P 500 were traded at record levels on Thursday. The demand for US Treasury memoirs with concerns about financial sustainability, Coindesk, has noticed last month.

Data contrasts with the popular narration of the fact that capital flows collectively restore balance from the United States due to debt tensions, commercial war of president Donald Trump and repeated criticism of the Federal Reserve.

“Many of the main factors he supported for the American exception are completely intact and may enhance more,” wrote Hani Reeda, director of the portfolio, as head of strategy and searching for global multiple assets in Pinebridge Investments.

Reida pointed to the abolition of organizational restrictions under Trump’s leadership as a major factor that supports the UN -unique productivity of the United States – and its leadership worldwide.

Other economic variables, such as GDP growth of the real individual, also supports an exception. The modified scale measures the value of the goods and services produced per person in the economy for inflation.

“The United States is greatly outperforming the European Union in terms of GDP growth for the real individual. The reasons for this are deeply structural and not changed a little. Exceptional United States – to grow at least – is here to remain …”.

Bruce J Clark, head of prices at Informa Global Markets, said that the US job data that was released on Thursday also added another share in the “American loss” of the American exceptional narration, as Bruce J.

The U.S. exceptional return of American shares can be considered a positive development for BTC and the broader encryption market, given the historical positive link between the two.

BTC, the leading cryptocurrency at the market value, has already increased by 44 % to 108,000 dollars, rapidly gathering from its first lowest levels in April 75,000 dollars, according to Coindsk data. Moreover, with the pro -leras in the White House, one may argue that Bitcoin is part of the American exceptional play.

Meanwhile, the exceptional return of the United States can put a ground under the US dollar. Clark pointed out that “with the data of today’s jobs that put another share in the narration of” US exceptional loss “, the temptation to obtain long dollars here for a large and increasing anti -trend trade,” adding that European Central Bank officials are increasing from the strong euro.

Early this week, FT reported, quoting a senior European Central Bank official, that the central bank may need to indicate that a lot of reinforcement in the euro may be a problem, because it may lead to it below the goals. Meanwhile, in an interview with Bloomberg, European Central Bank Vice President Lewis de Gindos said that the euro should be “over”, which is more than 1.20 levels higher.