Post #316348
2026-01-31 22:53 UTC
Sure American stocks are up. What MAGA types don’t say is foreign stocks were up 15% in while the S&P was up 1.5% in the first half of 2025. Foreign stocks, particularly the Nikkei, are going gang busters in comparison. The reason is anyone with any sense knows the US markets are propped up by an AI bubble, foreign stocks are not and have the added benefit of physical distance from Trump. (1/2)
Replies (1)
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@Grovewest@mstdn.social 2026-01-31 22:53
My Canadian bank holdings, almost worthless before Trump took office, are now stellar performers as Canadians (obviously) flee US banks. Dow Jones is at 48,892 Nikkei is at 53,560. As the dollar continues it's long slow going out of business sale under the MAGA administration other currency is worth more so expect more of the same trend. That said the price of eggs is way down. https://www.nytimes.com/2026/01/31/business/sell-america-dollar-financial-markets.html?unlocked_article_code=1.IlA.d8F-.GKvDzxr8nuXV&smid=url-share (2/2)