Morgan Stanley: Belief in 'American exceptionalism' among global investors has never been higher
Americans haven’t been this enthusiastic about the economic environment in many years. The financial markets reflect the positive attitude with a healthy appetite for stocks. GDP is pushing higher, and unemployment continues to shrink.
One Morgan Stanley Strategist likened it to American Exceptionalism.
"We may or may not believe in [American exceptionalism], but the financial markets have never believed in it to such an extent," added Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management. The global firm has $474 billion in assets under management, as of June 30, 2018.
The strong economy has been touted by Trump administration officials such as top aide Larry Kudlow, who called it "the hottest economy in the world."
It remains to be seen how long the bull market can run, but in the mean time Americans are enjoying the prosperity.