A disconnecting world is emerging, with global markets sending signals about a shift away from US stocks. Germany’s decision to increase borrowing for rearmament has led to a surge in the DAX index, while US stocks fell. This trend is also evident in China’s response to Tesla’s electric vehicle battery announcement, which prompted a significant sell-off. Furthermore, Bank of America’s survey reveals that fund managers are making the biggest switch away from US stocks on record, indicating a growing global movement to diversify investment portfolios.
Source: https://www.bloomberg.com/opinion/articles/2025-03-19/remaking-the-world-through-exiting-us-stocks