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Sell America is the new trade on Wall Street
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The US dollar has fallen 10 per cent over the past 12 months, a huge drop for the typically strong currency.
PHOTO: REUTERS
Joe Rennison
NEW YORK - A new investment thesis has spread through global markets at the start of 2026, as trading strategies long built on the primacy of the United States now opt for a new approach: Sell America.
The sentiment started to take hold in financial circles after the shock of sky-high tariffs sent stocks and bonds into a tailspin last April, but it has taken off recently as the Trump administration has pursued policies like attacks on the US Federal Reserve’s independence and threats of a new trade war with Europe that are worrying investors anew.
