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Macro Monthly: American ‘Un’-exceptionalism?

Cracks have emerged in the US exceptionalism theme, with the S&P 500 index flat this year compared to the All Country World ex US index’s 6% performance. Markets such as the Eurostoxx 50 and MSCI China are up 11% and 18%, respectively, in just two months.

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UBS Asset Management

Macro Monthly: American ‘Un’-exceptionalism?

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