December 06, 2024

The Growing Gap Between U.S. and International Economies

24 minutes

We’re bouncing around this week, starting with the recent surge in Bitcoin and market enthusiasm, although maybe not market-wide. We'll analyze valuations and dig into why the S&P 500's growth is largely driven by earnings and dividends. The conversation shifts to the comparison between US and international markets, highlighting the challenges faced by European economies and the growing wealth disparity between the US and Europe. We'll conclude with a historic market run and what history says that could mean for the future.

Key Takeaways

[00:17] - Enthusiasm is evident, but it’s not market-wide

[06:30] - Why this isn’t a bubble

[09:16] - U.S. business environment allows our markets to outperform international

[16:28] - Wealth disparity between the US and Europe is widening

[21:15] - S&P 500 is poised for its second positive 20% year in a row

View Transcript

Links

Detrick: S&P 500 up 98% since the end of 2019, but many think we are in a bubble.

Republicans and Democrats have starkly different inflation expectations

Russell 2000 is up 10% in the last month France is up 9% in the last 24 years

The S&P 500 being up >20% for two consecutive years has only happened four times in the past 150 years.

Connect with our hosts

Doug Stokes

Greg Stokes

Stokes Family Office

Subscribe and stay in touch

Apple Podcasts

Spotify

Google Podcasts

lagniappe.stokesfamilyoffice.com

Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

...more