Bank of America warns U.S. exceptionalism may be peaking due to economic slowdown
news.yahoo.com — February 3, 2025, 10:00 PM UTC
Bank of America suggests that U.S. exceptionalism may be peaking. This is attributed to slowing government spending, reduced immigration, and a decline in artificial intelligence investments. Investors are heavily focused on U.S. markets, missing opportunities in undervalued sectors like Japanese and European banks. The "Magnificent Seven" tech stocks now represent a significant portion of Bank of America's assets. However, the firm notes that the factors driving U.S. market growth are expected to decline.