Dollar dominating Euro, now $1.04 per euro. US economy in general dominating.

I remember going to Europe in 2009 and I had to pay $1.38 or so per Euro, it's now almost even. I wouldn't be surprised if they become equal in 2025 sometime. Lot of internationals and even those on TD say the US is on the decline, but data shows complete exact opposite. Our currency has gained significantly on every currency. In fact, I can't find one single currency that has gained on the USD in the last 5 years. S&P is increasing 15%+ every year. Most internationals put their money in the S&P 500 compared to their own country's stock market. 13 of the 15 richest people on Earth are Americans, and 1 of them, the French guy Bernaud, has to include his entire family when the Americans are counted as just individuals.

US public markets make up over 50% of entire global public market cap. It has only gotten stronger imo. When there was a joke after the Trump election that Canada would become the 51st state, I checked out their GDP per capita over time graph. The US has gained tremendous, significant ground on Canada GDP per capita. In 2011, the US and Canada were about equal at $51k. Today, the US is at $81.7k and Canada is $53k. The US is nearly 60% higher in GDP per Capita than Canada. I don't want to take in another country or state that will bring down our GDP per capita. In fact, I'm almost positive that's why the US took in Alaska and Hawaii as states, but not Puerto Rico. Because Puerto Rico GDP per Capita is atrocious compared to Alaska and Hawaii.

With all the major mega-cap tech stocks of the future HQ'd here, like: Nvidia, Apple, Amazon, Meta, Tesla, Google, Microsoft. I can't see anything other than utter dominance. I believe 18 of the largest 20 companies in the world are American. The only two who aren't are Saudi Aramco and Taiwan Semiconductor. If oil and gas declines as most equity research analysts say, then Saudi Aramco would probably drop. The one concern I have is that US NYSE and especially NASDAQ stocks command such a high PE ratio. Vast majority of NASDAQ stocks I see have 50-60x PE Ratio's whereas when I see Chinese stocks, they only have 10x PE ratios. It makes me concerned that American stocks may be overvalued. However, I have personally been screwed over by many Chinese stocks as I'm sure others have here, cough cough SMCI. Chinese are notorious for lying and cooking the books, so I guess that's why their PE ratio's are so low. They lied about Covid, cheap products, a PS2 controller I bought from China broke the very 1st day I got it. All 4 of the controllers broke within 3 days.

The most eye opening stat to me was being tied with Canada in GDP per Capita in 2011, to being 60% higher than them today in 2024. For a country that is now only 62% caucasian, it's actually really impressive. I think it's because Americans have great work ethic. Sometimes to the point where other countries think it's toxic.

Link to GDP per Capita graph of USA vs Canada: LINK