A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024.
The S&P 500 is up nearly 18% in 2024, while the Nasdaq Composite is up 22% in that same time frame.
Americans have often been accused, especially by those living abroad, of having a rather narrow view of the world.
But President Xi Jinping's "party over prosperity" political model continues to dampen enthusiasm among both foreign investors and domestic consumers.
There may be a day that that becomes true and other economies and markets may prove more alluring, but that day has yet to come.
Persons:
it's, Xi Jinping's, It's, Dorothy Gale of, Ron Insana
Organizations:
New York Stock Exchange, Nasdaq, U.S, National Institution for Finance, Development, Monetary Fund, Overseas, Treasurys, U.S ., CNBC
Locations:
New York City, U.S, Japan, Argentina, Turkey, China, Shanghai, Italy, Spain, America, Dorothy Gale of Kansas