Yardeni: Data Shows No Broad 'Sell America' Exodus Despite Dollar Slide and Gold Rally
Recent market moves - a more than 9% fall in the U.S. dollar over the past year, a rally in precious metals to record highs, and the S&P 500 lagging the All Country World index excluding the U.S. - have prompted discussion of a so-called "Sell America" trade. Analysts at Yardeni Research reviewed a range of flows and reserve data and concluded ther…