Iran War Punctures Strategy of ‘Sell America, Buy Asia’
Bloomberg.com • • general
Key Points:
- The conflict in Iran is prompting investors to reconsider the "Sell America, Buy Asia" strategy, suggesting a potential turning point in this trade approach.
- The MSCI Asia Pacific Index has dropped about 6% this week, contrasting with a minor 0.1% decline in the S&P 500, signaling a shift in investor preference.
- This market movement reflects a reversal of global funds rotating into Asia, with renewed interest in the US as a safe haven, bolstered by a stronger US dollar.
- US stock futures showed minimal change early Thursday, indicating cautious investor sentiment amid geopolitical tensions.
