Are US stocks the only game in town?

Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management, gives his analysis of the US stock market.1.       Is the last decade’s cumulative return of 110%+ unusual in long-term performance history?2.       What are the performance drivers behind this extraordinary period?3.       To what extent can this outperformance be attributed to the “Magnificent 7”?4.       What do we realistically expect from US stocks over the next 5 to 10 years?5.       If there is a rotation out of US large-cap stocks, which areas of stock markets could benefit?