14.5 BILLION LEAVES U.S. IN ONE WEEK

14.5 Billion Leaves U. S. In One Week

D. S. Mitchell

Hair Pulling

I’ve taken a couple of days off from adding to The Calamity Politics blog because there has been an avalanche of news, coming literally hourly, and there is only me, and Jane, sometimes. I haven’t been sure which of the events I should be pulling my hair out over. As if, I had any hair left, to pull out. Hundreds of deaths, American air strikes, White House intrigue, and North Korean saber-rattling has been mind bending. For those of us interested in what’s happening with our financial portfolios it has been an unsettling week.

Hammered

U.S. stock funds were hammered by the largest weekly withdrawal and transfer of wealth since 2015. In the 2015 case, money ran briefly to Europe over fears of a downturn in economic growth in both the U.S. and China. During the week of April 5th, 2017, investors sucked 14.5 Billion dollars from U.S. stock portfolios, as investors rotated into European equities. Experts explain that investor’s realization that Trump’s promises will take a bit of time to materialize, if at all, sent many investors to look for alternatives to U.S. equities.

Doubts Over Trump Foreign Policy

The growing shift toward Europe accelerated amid doubts over Trump’s policy agenda. The increased pressure accelerated after some big failures from the White House, including, ongoing Russian investigations, the failed Health Care Reform, and a perception of an administration in chaos and scandal.

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