The #Trump Golden Age /s
#SellAmerica Is the New #Trade on #WallStreet
#Investors are increasingly souring on the #UnitedStates, as illustrated by the declining #dollar, the stalled #StockMarket & rising #government #borrowing #costs.
#economy #instability
https://www.nytimes.com/2026/01/31/business/sell-america-dollar-financial-markets.html?smid=nytcore-ios-share
A new #investment thesis has spread through global #markets at the start of 2026, as #trading strategies long built on the primacy of the #US now opt for a new approach: #SellAmerica.
The sentiment started to take hold in financial circles after the shock of sky-high #tariffs sent #stocks & #bonds into a tailspin last April, but it has taken off recently as the #Trump admin has pursued #policies like attacks on the #FederalReserve’s #independence & threats of a #TradeWar with #Europe.
The “ex-America” #trade was a strikingly common theme at New York Life Investments’ global #investment meeting earlier this month, said Lauren Goodwin, an economist at the company.
“Our European colleagues were frankly stunned by the openness that #US investors have to diversify away from the US,” she said.
Goodwin & other investors stress that the sell America trade is more about hedging existing #US exposure, diversifying into other assets & deciding where to #invest new #money, rather than an attempt to leave the country entirely.
But over the past month, that #trading has fueled the sliding value of the #dollar, stalled the #StockMarket’s rise, increased government #borrowing #costs & sent the prices for precious metals like #gold soaring.
Nonilex