Sell America Trade: Why Markets Are Repricing US Political Risk

When geopolitics, not fundamentals, drives capital flows.

Financial markets don't usually panic quietly. When investors get nervous, they tend to follow a familiar pattern playbook: sell shares, buy bonds and hide in the US dollar. This week, they did the opposite.

Overnight, global markets were rattled after US President Donald Trump threatened to reignite trade tensions with Europe over the future of Greenland. The response was swift and unusual. US equities fell sharply, bonds sold off and the US dollar weakened, all at the same time.

That rare combination matters more than the headline politics.

A Triple Sell-Off Sends a. . .

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