Sell America', the two words that sum up the markets' break with an out-of-control Trump

"Investors finally reacted this week with a wave of selling in response to Donald Trump's expansionist ambitions in Greenland. They had remained almost unfazed by the military attack on Caracas and the arrest of Nicolas Maduro, or the threat of intervention in Iran, but the White House's determination to annex Greenland and the announcement of tariffs on European countries that had deployed troops to the island proved to be the trigger for selling off U.S. assets."

"A Danish pension fund epitomized these concerns and, in a move that was part retaliation and part financial strategy, announced on Tuesday that it was divesting its entire portfolio of U.S. sovereign debt. The selling spree was widespread but focused on U.S. assets, which never proved to be a safe haven: the dollar depreciated, the S&P 500 index fell 2.1%, the 10-year Treasury bond yield exceeded 4.3%, and the 30-year Treasury yield climbed dangerously close to 5%."

"Now, the U.S. president has just crossed another red line by suing the country's largest bank, JP Morgan, which could further undermine investor confidence. He is accusing the institution and its head, Jamie Dimon, of withdrawing financial services for political reasons after the storming of the Capitol in January 2021. Trump is attacking the very heart of Wall Street and one of its top representatives, who had recently warned of the risks of political interference in the Federal Reserve."

Investors sold off U.S. assets after Trump's expansionist moves in Greenland and tariffs on European countries that deployed troops there. The market reaction followed events including a military attack on Caracas, the arrest of Nicolas Maduro, and threats of intervention in Iran, but the Greenland annexation plans proved decisive. A Danish pension fund divested its entire U.S. sovereign debt holdings as both retaliation and financial strategy. The dollar weakened, the S&P 500 fell 2.1%, the 10-year Treasury yield topped 4.3%, and the 30-year yield approached 5%. The president's lawsuit against JP Morgan and accusations against its CEO further threaten investor confidence and market stability.

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