US Stocks Remain a Bright Spot Amid Global Uncertainty

The US economy is growing rapidly while global politics are increasingly unpredictable, making US stocks attractive despite high valuations.

Investor "home bias" towards US markets is increasing as foreign investment in the US has fallen by nearly $2 trillion since 2021.

The investable universe outside the US is shrinking due to geopolitical tensions, leaving the US market as the best large option.

Inflation settling around 3% means the bull market in bonds is over, favoring real assets like stocks.

Continued foreign investment in the US could widen the deficit in net international investment position.