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When people hear the term \u201cAmerican exceptionalism,\u201d they tend to think of a jingoistic expression dished out by crass pundits who see the United States\u2019 culture, morals, or broader position in the world as superior to other nations. But ever since the end of the Global Financial Crisis (GFC), this divisive term has slowly taken on a new meaning in financial circles.<\/p>\n
For economists, analysts, investors, and the like, American exceptionalism refers to the relative outperformance of the U.S. economy and stock market<\/a> compared to its developed peers in recent decades, particularly in the wake of the pandemic. It\u2019s the idea that there\u2019s a confluence of factors\u2014a special sauce, if you will\u2014that has made the American economy and markets structurally more robust and resilient in the 21st century.<\/p>\n There\u2019s certainly some evidence to back up this thesis. U.S. GDP per capita has surged compared to its developed peers\u2019 over the past decade.<\/p>\n