{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 116 \u2013 Are we past peak US exceptionalism?","description":"In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, considers the question are we past peak US exceptionalism? If so, where are the alternative safe havens for investors. (0:50) So, Tracey, you presented at a conference last week. Let\u2019s start with topic of your session: Have we seen peak U.S. exceptionalism?  (4:12) Just on the topic of ballooning government debt, the current fiscal proposal, the so called \u201cBig beautiful budget bill\u201d combines tax cuts with higher defence spending and no meaningful plan to reduce debt. It just ties in with investor concerns about fiscal recklessness. (6:17) Let\u2019s look at what the market\u2019s telling us. U.S. equities? Basically, flat for the year. Meanwhile, German equities are up 20%. And what about the tech titans? The so-called Magnificent Seven \u2013 are they still magnificent? (7:50) So, if the U.S. is losing its lustre, the next question is: who is looking more attractive? Is China a beneficiary of Americas decline?  (10:35) So, what does that mean for investors? Should we be increasing our allocation to China?  (11:44) If we are in world that is potentially going through structural change where can investors find shelter?  (14:45) What if you still wanted to be invested. You mentioned China is looking interesting again. Where else?      ","author_name":"'Perspectives' by Escala","author_url":"https:\/\/escalapartners.com.au\/","html":"