Is ‘Sell America’ Real? Follow the Money, Not the Hype
Don’t believe the hype of the ‘Sell America’ narrative. But at the margin, a shift is happening that could leave US equities weakened against their global peers..
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Are investors selling America? A week of bruising global tensions revived calls to shun US assets and saw the dollar touch a four-year low. For all the hype, US companies are too big to ignore. At the margin, though, a shift is happening that could leave US equities weakened against their global peers.
If you tallied up the market capitalizations of publicly traded stocks in the world, US equities would comprise about half of that value. That’s just too big too ignore.