There are a lot of conversations in markets about the “Sell America” trade, i.e. the trade in which prices of US stocks, bonds and the dollar fall at the same time. But counting the number of days when this has happened shows no signs of 2025 and 2026 being anything special. In fact, the chart below shows that there has been no particular “Sell America” trade for the past 25 years.
The bottom line is that the US remains the most dynamic and innovative economy in the world, delivering the best and most steady returns for domestic and global investors.
Note: 2026 data is annualized. Sources: Bloomberg, Apollo Chief Economist
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