When whispers of a 'Sell America' trade resurface, markets don’t wait for confirmation – they react first and ask questions later. That is exactly what happened after news broke recently that the U.S. Department of Justice had subpoenaed the Federal Reserve, reigniting fears around political pressure on America’s most important economic institution.
For global investors, ‘Sell America’ is shorthand for a sudden loss of faith in U.S. exceptionalism, a moment when capital starts drifting away from U.S. stocks, bonds, and the dollar toward safer or more stable shores abroad.
