America: Better than Most Alternatives
Europe’s debt crisis and growing fears of slowing global economic growth rock world markets yet again. But, U.S. stock losses overall have been less severe than the declines in many other equity markets worldwide.
Although U.S. stocks have sold off in May, their losses overall have been less severe than the declines in many other equity markets.
What’s more, investors continue to park cash in U.S. Treasury bonds, pushing interest rates lower. And the dollar, the weakling of world currencies for most of the last nine months, now is muscling its way higher.
U.S. assets “are a haven again,” said Jeff Schappe, who oversees $32 billion as chief investment officer at Sterling Capital Management in Raleigh, N.C.
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