SP500 directional thesis
US stocks trade 5 to 7 turns richer than the rest of the world and that premium holds, built on rule of law, talent, and the cheapest capital anywhere.
“Our growth vector is just higher because we have a lower cost of capital. We get better talent, we get better companies to go public. We have a $50 trillion debt market. Just amazing tailwinds.”8:56claim_id
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