American exceptionalism meets its maker

American exceptionalism has been a driving force for growth, as evidenced by the U.S. economy outpacing its advanced peers since 2001, driven by innovation in high-tech industries and artificial intelligence. Investors have capitalized on this success, with large-cap U.S. markets delivering annual returns of 13% over the past decade, significantly outperforming European markets' 6% return. This sustained dominance reflects the U.S.'s leadership in cutting-edge fields and its economic powerhouse status.