- HSBC’s Willem Sels tells Fortune in an exclusive interview that while U.S. markets remain resilient, geopolitical uncertainty is pushing investors to diversify portfolios—particularly into China. He highlighted Beijing’s supply-side reforms and cheaper AI-linked stocks as catalysts drawing flows East, even as the U.S. continues to dominate long-term AI investment.
When President Trump returned to the White House his intention was clear: to make America great again. But the United States’ economic partners, and some of its rivals, are also benefiting from having the unorthodox showman back in the Oval Office.
