These market veterans still think America is the best place to put your money — ‘Tech Trumps Tariffs even if Mickey Mouse or a clown were to run the US!’
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PresidentDonaldTrump’saggressivetariffcampaigniscreatingdoubtsabouttheattractivenessandsafetyofUSassets.ButtherearestillsomewhobelievetheUSwillproducethebestreturns,despiteanepicselloffandsignsofashiftingworldorder.That’sdueinparttoAmerica’sdominanceincriticaltechnologies.
Theideaof“Americanexceptionalism”intheglobaleconomyandfinancialmarketshasrapidlylostfavorthisyearasPresidentDonaldTrumpembarksonanaggressivetariffcampaignthatiscreatingdoubtsaboutUSassets.
Stockshavesufferedanepicmeltdownandonlypartiallyrecoupedtheirlosses.ThedollarandTreasurybondsarelosingtheirsafehavenstatus.Theeconomymayslipintoarecession,soaringdebtmaystarttooverwhelmthe“exorbitantprivilege”theUSenjoys,andtheworldwasalreadyhavingtrustissueswithAmerica.
Incontrast,marketsinChinaandEuropehavebeenrelativeoutperformersthisyearafteryearsoflaggingbehi