Investors pull money from Wall Street in favour of Asia, Europe
To some investors, the US exceptionalism that’s fuelled the record-breaking rally on Wall Street has run its course.
Despite resilient consumption and artificial intelligence optimism, US economic growth slid to an almost two-year low last quarter while inflation stayed high. Confidence is starting to waver, with the S&P 500 Index ending a five-month winning streak in April following a series of major earnings misses.
Bloomberg