The ‘Sell America’ trade is making a comeback on Tuesday. Here’s what investors need to know.
MarketWatch • • business
Key Points:
- The "Sell America" trade resurfaced on Tuesday after President Donald Trump renewed tariff threats against European allies, triggering market volatility similar to April's turmoil.
- U.S. stocks declined throughout the day following the long holiday weekend reopening, with Treasury yields rising to their highest point since last summer.
- The U.S. dollar weakened amid the sell-off, which extended globally as both stocks and bonds fell in international markets.
- Safe-haven assets such as gold, silver, and the Swiss franc gained value as investors sought refuge from the market instability.
