Serious questions now exist around the wisdom of owning American assets that until recently were the envy of a risk-obsessed world.
Amid the manic moves, key trading patterns even bear soft echoes with emerging markets. All told, fear is spreading that Trump’s bid to rewrite the terms of global trade risks imperiling America’s privileged status in the financial system.
“You honestly feel like you’re seeing stuff wrong sometimes. You have to check the scaling on your graphs because prices are moving so quickly,” said Charlie McElligott, managing director of cross-asset strategy at Nomura Securities International Inc. “It’s just a constant stream of bells and popups on the desks right now. Automated messages like risk limits and risk alerts. It’s maximum overstimulation, maximum dopamine saturation.”
Fear is spreading that Trump’s bid to rewrite the terms of global trade risks imperiling America’s privileged status in the financial system https://t.co/JsjnRyp27E
— Bloomberg (@business) April 11, 2025
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