Is the US stock exodus over?

Earlier this year, US President Trump’s ‘Liberation Day’ measures unsettled markets, driving European investors out of American stock ETFs and into domestic equities. Today, concerns over potential trade wars have eased, interest rates have recently been cut and US stocks have recovered. Talks of US exceptionalism fading have raised doubts around the US, but companies remain fundamentally sound. AI is stronger in America, with Europe the largest market for thematic AI funds but hosting fewer pure-play stocks; US companies’ role in the AI revolution offers ripe growth opportunities. The dominance...