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Investment Weekly

Does the end of US exceptionalism persist?
23 May 2025
    Articles

    Chart of the week – Does the end of US exceptionalism persist?

    Chart of the week – Does the end of US exceptionalism persist?’

    A dominant theme in the minds of investors this year has been the prospect of an end to US exceptionalism. Last week’s US credit rating downgrade by Moody’s – while not exactly unexpected – provided a reminder that the US fiscal situation has become untenable. But when we talk about an end to exceptionalism, what has really changed?

    More from this week:

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    • Beautiful bill, ugly truths
    • Go with the euro income flow
    • A market CATL-yst?

    Read the full commentary PDF, 514KB

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