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Uncertainty Runs High in the Stock Market as a Huge Week Begins

The Presidential Election tomorrow won’t just determine who sits in the White House. Outcomes in Congress could also have a major impact on fiscal stimulus at the same time coronavirus threatens to shut down the economy again. There’s a Federal Reserve meeting, as well, plus key employment data and more corporate earnings.

Foot Locker Highlights Standout Sneaker Trade

Foot Locker’s (FL) blowout quarter today is the latest example of the trend. Not only did earnings and revenue beat estimates. The key same-store sales metric was also more than twice the expected amount, a sign of successful merchandising and customer engagement.

Why the US remains the most coveted market

That said, the bulk of US revenues come from non-American markets. They’re multinationals, so up to 43% of their profits are earned in foreign lands, according to stats in 2016. Also, a good number of companies listed in 
US exchanges are global. This means both in the literal and metaphorical sense, adding US shares to your portfolio offers instant diversification benefits. In these discussions, US investment is often pitted against China.