The Journal.

Taking Stock of the ‘Sell America’ Trade

79 snips
Apr 24, 2025
Chelsey Dulaney, a markets reporter for The Wall Street Journal, dives into the emerging 'Sell America' trade phenomenon. She discusses how recent volatility in U.S. financial markets is making foreign investors wary, leading them to rethink American assets. This marks a significant shift from viewing the U.S. as a safe haven for investments. Dulaney highlights the influence of political uncertainty, tariffs, and the anxiety surrounding the Federal Reserve's leadership on global investment trends. The implications for American finance could be profound.
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INSIGHT

What Is the Sell America Trade?

  • The "Sell America" trade means foreign investors are withdrawing or stopping buying U.S. stocks, bonds, and currency.
  • This shift signals a potential loss of U.S. financial system dominance due to reduced overseas confidence.
INSIGHT

U.S. as Top Global Investment Hub

  • The U.S. remains the top destination for global investment due to its economy's size and financial market depth.
  • Investors buy U.S. assets because alternatives elsewhere offer less appeal, coined as 'There Is No Alternative' (TINA).
INSIGHT

Power of American Exceptionalism Trade

  • American exceptionalism trade brought massive foreign investment into U.S. stocks and bonds, fueling growth and low borrowing costs.
  • The U.S. economy's faster recovery after 2008 and leadership in tech drew global investors to the U.S. financial markets.
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