Interesting article in Bloomberg today about how the US economy is in better shape than US stocks tend to be

Interesting article in Bloomberg today about how the US economy is in better shape than US stocks tend to be. Essentially, the article shows how foreign revenues account for 46% of total sales for S&P 500 companies. Yet, exports only make up 13.5% of US GDP. in other words, large companies may be hurt by the troubles overseas, but the US economy itself should remain resilient. That's basically what the latest round of economic data show. It's also a reason to be somewhat bearish on large caps. On the other hand, small caps and companies with a majority of sales coming domestically could be in position to surprise on the upside this earnings season. With major earnings results coming this week, we'll get to see first hand how this theory plays out. (VIEW LINK)