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Benzinga
Benzinga
Business
Piero Cingari

'American Exceptionalism Trade' Gains Steam As Dollar, S&P 500 Surge In Lockstep: Bank Of America

Bank of America America Donald Trump Stephen Juneau United States Ohsung Kwon Jobs Report

The “American exceptionalism” trade is making a roaring comeback, fueled by the potential resurgence of “America First” policies under the upcoming Trump administration, according to Bank of America.

Bank of America analyst Ohsung Kwon highlighted Tuesday the sharp rise in the three-month correlation between the S&P 500 and the U.S. dollar, which has surged to its highest level since 2017.

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