U.S. Nasdaq and S&P 500 hit record highs, outperforming global peers, fueled by exceptionalism.

U.S. exceptionalism remains strong as Wall Street’s Nasdaq and S&P 500 hit record highs, outperforming global indices. Factors like deregulation and GDP growth support this narrative, with experts like Hani Redha and Robin Brooks emphasizing the U.S.’s unique productivity and growth. The recent U.S. jobs data further cements this exceptionalism, positively impacting U.S. stocks and potentially the crypto market, with bitcoin already surging. The return of exceptionalism may also bolster the U.S. dollar, as noted by experts like Bruce J Clark and ECB officials expressing concerns about the euro’s strength.

Read more at Yahoo Finance: U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets