BofA Strategist Predicts Global Investment Shift Away from Dollar and US Assets

Bank of America (BofA) strategist Michael Hartnett suggests that current US trade policies are ushering in a "new world order." Hartnett indicates a significant shift where investors are moving away from the dollar and American equities, favoring international assets instead. This reorientation is characterized as an "anything but dollar" trade, reflecting a desire to diversify portfolios away from US-centric holdings. The impetus for this shift stems from US trade policies, which are reshaping the global economic landscape. These projections highlight a potential long-term rebalancing of global investment portfolios, which could significantly impact major currency crosses and both US and international equity markets.