Global diversification across equity markets is a dud this year compared with a strategy of favoring American shares. Although all the world's major equity regions are reporting year-to-date gains, US shares continue to lead, in most cases by a wide margin, based on a set of exchange-traded products.
The dominance of US shares is all the more striking in the wake of surging political risk of late, courtesy of a drive by Democrats in the House of Representatives to impeach President Donald Trump. The president, in fact, tweeted yesterday that "If they actually did this