Carl Delfeld of Chartwell Advisors looks at reasons to be confident in America's future and sees a possibility of a balance between U.S. and international markets. He sites the example of iShares S&P Global 100 (IOO), which gives investors exposure to 100 of the largest companies in the world. Of those companies, 50% are American.
Here are some of the reasons why Delfeld is optimistic about America:
America accounts for about 23% of world GDP; America has the most liquid capital markets (NYSE listed companies have a value of $15 trillion, three times that of Japan, the nearest rival); In the past 20 years, 30 million new jobs were created in the U.S. and net zero in Europe; Largest global market share of manufacturing; As emerging competitors like China and India catch up, the American economy is proving it can hold its own; America is a safe haven for investors, and the political system is transparent and stable; America has the ability to renew and reform itself and the commitment to freedom and innovation will keep the country on top.