US markets challenge number birds as “exceptional waste”

Newest Data from the Ministry of Treasury He explains that foreigners deprived the net 311.1 billion dollars in US securities in May, a record, after withdrawing 14.2 billion dollars in April.

“All this is noticeable because many commentators predicted the end of“ exceptional ”after the recent disturbance of,” Robin Brooks, a senior colleague at the Brookings Institute, wrote on Wednesday in a position entitled “The exceptional United States is back” on his return. Alternative. “The truth is that the markets are more acceptable to all climbing and landing more than people are aware of the” exceptional “United States.

Meanwhile, for 12 months to May, the net foreign flows approached from its highest levels ever from July 2023, when it reached $ 1.4 trillion to celebrate the peak. American exceptional He added that the narration is on the market.

The apostasy in May indicates an amazing shift from April, such as Wall Street fears the end of the United States’ superiority in the economy and global markets.

In the wake of the “Liberation Day” directly, the S&P 500 gave to the bear market, as it decreased by almost 20 % of its highest level while Nasdak That threshold passed.

The Treasury returns decreased for 10 years in the beginning, but then increased more than 70 basis points in only days, as investors worried about senior debt owners in the United States from their replacement.

But a month later, the opposite happened.

“The US obstacle to try a real capital trip is high and certainly not violated in April,” Bruks wrote.

Certainly, the return for 10 years is still higher than the pre -endurance level, and the dollar has suffered from the worst first in more than 50 years.

Although the S&P 500 and NASDAQ have recovered their previous records and continued to impose higher fees, Stock indicators in Europe and China are still outperformed performance Competitors to us.

Meanwhile, conversations with Japan and commercial partners have strengthened definitions that are 10 % higher than the initial foundation. Negotiations with other countries are still ongoing, and failure to reach a deal may lead to a tariff rate to the top.

However, the veteran in the market, Ed Yardini, the president of Yardeni Research, was also encouraging through data that display registration flows in the American market.

“Therefore, we are comfortable with data that confirm that the bears are on expectations for a huge sale in American bonds, American stocks, and the US dollar that may be fake, not for us,” wrote on Monday. “Our faith has been gently validated by strangers through the latest treasury data.

Just a few months ago, the top names in Wall Street were the alarm on Trump’s tariff and long -term repercussions.

The founder of the castle and CEO Ken Griffin in April warned against the country She eroded her “brand”, Explain this from American culture to its financial and military power, the United States is an ambition for most of the world.

He said: “In financial markets, the teacher cannot compare it to the American treasury … We have been at risk,” adding that it takes a very long time to remove the brand distortion.

In May, Muhammad Al -Arian, the chief economic advisor in AllianzHe said an era The exceptional United States “put on a stop”.

And last month, German bank The precious America said The exceptional is the side damage Trump’s introductory war.

Economist Jim Reed wrote in a note: “Our view is that the structural foundations of the American exception – especially the ability to finance themselves cheaply by setting up the dollar reserves – began to wear,” the economist Jim Reed wrote in a note. “Therefore, we remain a structural decline on the dollar and expect to continue in the United States to rise.”