'America First' Sweeps Wall Street as Traders Bet on Domestic Growth
- Trump’s fiscal and trade agenda drives big moves across assets
- JPMorgan’s Panigirtzoglou sees US exceptionalism enduring
With Trump’s disruptive protectionist agenda in focus, stocks in emerging markets sank, trailing their American counterparts by the most in two years.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Donald Trump’s return to the White House is adding fresh ammo to a decade-long investment strategy that echoes his “Make America Great Again” mantra in a replay of the 2016 playbook.
The America-first trade — buying up assets that win when the US outperforms the rest of the world — got a powerful boost Wednesday on bets the Republican victor is set to unleash polices that will spur domestic growth and insulate the world’s largest economy from overseas competition.