Attention market bears: Liz Ann Sonders is bullish on America.

Charles Schwab & Co.'s chief investment strategist has been telling investors lately that the U.S. is truly undergoing a manufacturing and energy renaissance, particularly in recently depressed Midwestern states such as North Dakota, Sonders said in a keynote address on Tuesday before the Financial Planning Association's New York chapter.

"Someone asked me in a Q&A, 'What's your favorite emerging market?' and 'Middle America' was what came out of my mouth," said Sonders at FPA-New York's annual summit. "Now when I'm asked what's my favorite emerging market, I answer Middle America."

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