US markets’ exceptionalism goes into reverse
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Reuters
4.4 • 58 Ratings
🗓️ 20 March 2025
⏱️ 21 minutes
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| 0:00.0 | Idle money sits in your current account, stuck repeating the same tired tune. |
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| 0:24.9 | UK residents staged 18 plus, one entry per person, |
| 0:27.3 | Monzo personal account required, challenge and prize teas and Cs apply. |
| 0:30.2 | The views expressed on this podcast are those of the participants, |
| 0:34.2 | not of Rojers' News. |
| 0:39.3 | I mean, it feels almost absurd to use familiar words like uncertainty when what you're |
| 0:47.0 | talking about is potentially the entire, the complete devaluation of the U.S. rule of law. |
| 0:59.0 | I mean, this is not, this is not a hurricane. This is not even a pandemic. |
| 1:02.0 | You know, these are potentially major and permanent changes |
| 1:06.0 | to the largest economy in the world |
| 1:08.0 | and how it operates on the most fundamental level. |
| 1:14.6 | The euphoria is already waning. We are now two months into the new administration of President Donald Trump, |
| 1:20.6 | and, for the most recent half of that time, the direction for U.S. markets, and the mood among executives, frankly, has been down. |
| 1:28.5 | As we head into the open on Wednesday, the S&P 500 index has fallen roughly 9% from its peak |
| 1:33.8 | on February 19th. |
| 1:35.6 | Strategists, the likes of Goldman Sachs, began 2025 touting the invincible story of American |
| 1:40.7 | exceptionalism, buoyed by the seemingly unstoppable momentum of domestic markets |
| 1:45.0 | that accounted for roughly two-thirds of equity market capitalization globally. |
... |
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