Wall Street Grapples With New Risk: A European Buyers’ Strike
Bloomberg • • business
Key Points:
- US Commerce Secretary Howard Lutnick stated at Davos that the Trump administration views globalization as a "failed policy" that has disadvantaged America.
- President Donald Trump predicted the US stock market would double from its record highs, which he has publicly credited to his administration.
- There is a notable contradiction between the administration's anti-globalization stance and the strong foreign investment, especially from Europeans, that has helped drive US stock market gains.
- Foreign investors have played a significant role in pushing US benchmark indexes to record levels in recent years.
