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Macro Economy•28 June 2026•

1 min read

Challenging the 'Sell America' narrative: Foreign capital flows back U.S. markets

Key Facts

1Foreign investors continue pouring money into U.S. assets, and the dollar remains the top global reserve currency.

Amid growing calls for a 'Sell America' trade, a recent opinion piece argues the narrative is misguided, highlighting persistent foreign capital inflows into U.S. assets and the dollar's unchallenged status as the world's top reserve currency. The article contends that foreign investors continue to pour money into U.S. markets, contradicting expectations of a mass exodus.

Recent economic data supports this optimistic view: the U.S. Composite PMI expanded to 52.2 in June from 51.5, and the Services PMI stood at 51.3, per market data—signaling resilience in the dominant service sector. This momentum helps explain why U.S. assets remain attractive despite geopolitical uncertainty and slowdown fears. Going forward, markets will watch for further economic releases to confirm the durability of capital flows and dollar strength.

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