US market ignores destiny customers as “exceptionism roars backwards”

Latest Data from the Ministry of Finance It shows foreigners plowed $311.1 billion into US securities in May after withdrawing $14.2 billion in April.

“All of this is worth noting because many commentators prophesied our “exceptionism” because they ended our “exceptionism,” so this is all worth noting.” Subsack. “The reality is that the market accepts all the ups and downs much more than people realize. Our ‘exceptionalism’ is alive and well. ”

Meanwhile, between May and May, net foreign inflows have reached an all-time high of over $1.4 trillion since July 2023. American exceptionalism The story in the market, he added.

The May rebound marks a spectacular turn from April. Wall Street feared the end of US hegemony in the world economy and markets.

Shortly after the “liberation day,” the S&P 500 flirted in the bear market, crashing nearly 20% from the previous highs, Nasdaq I passed that threshold.

Treasury yields initially fell sharply in 2010, but they exceeded 70 basis points in just a few days as investors worried that US debt holders would abandon their holdings.

But a month later, the opposition happened.

“The hurdles for the US to experience a real capital flight were high and certainly not breached in April,” Brooks wrote.

Certainly, the 10-year yield exceeds the level of the day before liberalization, and the dollar has suffered in the worst first half of over 50 years.

And while the S&P 500 and Nasdaq have regained previous records and continue to charge even higher. European and Chinese stock indexes are still excellent Our rival.

Meanwhile, talks between Japan and its trading partners have solidified tariff rates higher than the initial 10% baseline. Negotiations with other countries are still underway and if the transaction is not reached, tariff charges could be even higher.

Nevertheless, market veteran Ed Jaldeni, president of Jaldeni Research, was also heartily encouraged by data showing record influx into the US market.

“So we take comfort from data that confirms we are enduring the prospects of a massive sale of US bonds, US stocks and US dollars that may be paranoid rather than the US,” he wrote Monday. “Our faith in the kindness of strangers is verified with the latest financial data.

Just a few months ago, the top Wall Street name was warning about Trump’s tariffs and long-term impact.

Citadel founder and CEO Ken Griffin said in April that he was in the country. It erodes that “brand” From American culture to its financial and military strength, the United States describes it as a desire for most of the world.

“In the financial markets, there are no brands to compare to US Treasury brands…we put that brand in danger,” he said.

May, Mohamed El-Erian, Chief Economic Advisor AllianzThe era of , said American exceptionalism was “suspended.”

And last month German banks I said something important in America Exceptionalism is collateral loss Trump’s tariff war.

“Our outlook argues that the structural foundations of US exceptionalism, particularly the ability to fund itself cheaply through the reserve state of the dollar,” economist Jim Reid wrote in a memo. “So we’re structurally bearish towards the dollar and hope that the US terminology premier will continue to rise.”