News of my stock market

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It is time for me to eat some modest pie. Only one slice, prevent you. This also involves DOFF from the cover to Graham from Portadown.

I do not know Graham personally, but our paths crossed during the most obvious days of global markets shaking in early April, when American stocks decreased in response to global trade drawings that Donald Trump does not follow.

The BBC Radio Olster Lee asked me to explain to the masses what is going on. The first question: “So Katie, what is the stock market?” (For the registry, I love it in a non -rhetoric. There is nothing real like a ridiculous question in the financial markets.)

However, Graham called for sharing his point of view, which, to reformulate, is that he was not known for any kind of details how the definitions would come out, but he knew that whenever there was a decline in the stock market in the United States, you must buy it, and he was doing it precisely. If you really remember, this was at lunch in London on April 9. American stocks decreased by 13 percent in just a few days at this stage and global markets were bleeding.

Now, I did not tell Graham that he was wrong. But I said, while I confirmed that I did not give investment advice and never did, that he was more courageous than me. Buying Dip, in fact, is a tried tactic and laboratory with a good record of success, but at this stage, let’s just say that things do not look great.

We all know what happened after hours. Trump retreated, stocks exploded above. If Graham is from Portadon right with his speech, he truly formed the courage to buy (he seemed very determined), he reaches about 25 percent on those American stocks since our short conversation. Glory, Graham.

Even after this point, I did not see that the coast was clear, and he wrote a few days later that the purchase case was just a retreat Very fragile to me. After it is too late, it is the most wonderful thing, especially in the markets, but in the past, Trump has already done chicken, and it has changed everything. American stocks, as measured by the S&P 500 Blue Chip index, have returned again to record high levels and rose by about 7 percent so far this year.

“We have this gap,” said Vida Vida, the chief investment official of DWS in Germany. “Experts are looking for this and say” this is a mistake “and that the retail selling says,” Experts have said during the past ten years to buy DIP so we buy DIP. “

In any case, they were right. Therefore, one slice of modest pie is consumed as required. Delicious.

I do not eat the rest of that yet. Since April vibrated in the markets, and even before, most of the major investment homes outside the United States have had a new and critical view of its exposure to the United States. This is the theme of the number one conversation between institutional investors at the present time, and it will take a lot of time, and perhaps even years, until it is completely run.

Every week, men in Florida are treated with Hotmail email to tell me that I am a fool, as a magical recent correspondent, “stupid face”, said to suggest this real phenomenon. They say that any serious fund manager will sell their American shares and bonds.

But this is still a wrong reading of the situation. Older investors are not likely to sell American assets in meaningful folders. The question is whether they will continue to buy it on the scale that we are used to in a world where American stocks represent more than 70 percent of the advanced market indicators. Perhaps from every new pound flowing to a pension for stock tanks now, we will not see 70 pixels heading to the United States within five years, but something more like 65p or even 60p.

This means that the largest part of Asia and Europe – much smaller markets by many global investors for years. No wonder, then, many of them exceeded the performance of American stocks comfortably in 2025. Many European indicators rise by more than 20 percent this year. Meanwhile, for the euro investors, the fixed decline in the dollar may have received any gains. They are still 6.5 per cent on American stocks so far this year in the euro.

Any large asset manager who does not think about how to avoid or at least hedging from this pain does not properly do his work, and therefore the global popularity of building defenses against the damage caused by the sliding dollar and new meditation about whether American stocks are already expensive are worthy of volatility or political risks.

“We have to free from the mentality that we have passed over the past twenty years,” said Talib Sheikh, a director of a portfolio in the Foundelity International. Why can we not be in the former Japan in Japan a greater part of your wallet from the United States? Why can we not get Europe as a greater part?

Many of the markets have passed since the opening months of 2025 now after we are in the second half of the year, and Graham from Portadown takes a good victory. But the oldest of the financing collapses.

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