Jay Pelosky is paying more attention to the “market reaction to the news” than the news itself. “We’re in the early stages of a move out of U.S. equities,” facilitated by dollar weakness, into international equities, he argues. He thinks DeepSeek “shot a hole in the heart of U.S. exceptionalism,” and Trump’s policies have “called into question” U.S. economic growth.
Morning Trade Live
26 Feb 2025
SHARE