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The "sell America" trade may be more about hedging America, one analyst said.
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S&P 500, Dow climb to closing records as traders look past Fed independence risk: Live updates CNBCStock market today: Dow, S&P 500 eke out records, gold soars after Trump amps up fight with Fed, Powell Yahoo FinanceCNBC Daily Open: Powell probe rattles Washington, but Wall Street shrugs CNBCStocks and Treasuries calm after Fed indictment jitters, dollar weakens Reuters
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The deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island's chip giant, to build more manufacturing plants in the United States.
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A broader shift out of U.S. financial assets would revive last year's trend called the "sell America" trade.
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Bond Traders' Big Bet for 2026 Vindicated by Soft US Job Growth Yahoo FinanceView Full Coverage on Google News
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