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Billionaire CEO Jamie Dimon Says America Is Still the Best Place to Invest: 2 U.S. Stocks to Buy Now
President Trump has made radical changes to U.S. trade policy since taking office. The tariffs imposed by his administration have pushed the average tax rate on U.S. imports to its highest level in decades, causing some investors to lose confidence in American stocks.Consequently, the S&P 500 (SNPINDEX: ^GSPC), the best gauge for the U.S. stock market, has underperformed benchmark indexes in Asia, Canada, and Europe this year. The index has also underperformed stock markets in emerging economies like Brazil, Mexico, and many African countries.Nevertheless, JPMorgan CEO Jamie Dimon recently told Bloomberg the U.S. is still the best place to invest: "If you were to take all of your money and put it in one country, it would still be America. I mean, it's still the most prosperous nation on the planet."Continue reading
President Trump has made radical changes to U.S. trade policy since taking office. The tariffs imposed by his administration have pushed the average tax rate on U.S. imports to its highest level in decades, causing some investors to lose confidence in American stocks.
Consequently, the S&P 500 (SNPINDEX: ^GSPC), the best gauge for the U.S. stock market, has underperformed benchmark indexes in Asia, Canada, and Europe this year. The index has also underperformed stock markets in emerging economies like Brazil, Mexico, and many African countries.
Nevertheless, JPMorgan CEO Jamie Dimon recently told Bloomberg the U.S. is still the best place to invest: "If you were to take all of your money and put it in one country, it would still be America. I mean, it's still the most prosperous nation on the planet."
