One big reason US stock market exceptionalism is here to stay
Spencer Platt/Getty Images Goldman Sachs says US exceptionalism in stocks will persist despite the S&P 500's lagging this year. Goldman notes that US firms' higher R&D investment boosts growth in the long term. US companies lead in return on investment, which helps drive long-term innovation. The US exceptionalism trade looks likely to persist, despite fears that America's stock market dominance is waning as international stocks outperform the S&P 500 this year. That's according to Goldman Sachs, which highlighted a key advantage American companies have over their international peers: returns on...