American extraordinary, the notion that the American economy and its financial markets are different from other countries, at least remain alive and well lived according to equity markets.
Since the beginning of April, Wall Street’s Tech-Havi Nasdaq index has increased 31%, while the comprehensive S&P 500 index has made 24%rallies according to the data source tradingview. Other major indices, such as the Dax of Germany, the CAC of France, the Nikkei of Japan and the Shanghai Composite of China, have lagged behind the Wall Street.
Both Nasdaq and S&P 500 traded record high levels on Thursday. The demand for American Treasury notes is amid concerns about fiscal stability, as noted last month by Coindesk.
The data refutes the popular story that capital flow is moving away from the US N Mass due to debt shock and frequent criticism of President Donald Trump’s trade war and Federal Reserve.
“Many major factors that outlines us extraordinaryness are completely intact and perhaps further strengthening,” Honey Redha, Portfolio Manager, Head of Strategy and Research for Global Multi-Asset in Pinebridge Investments. wrote In a blog post published last month.
Redha pointed to Deragulation under Trump as a major factor supporting the US productivity supersticulture under Trump – unique among global peers – and globally.
Economy considers us extraordinary
Other economic variables, such as real per capita GDP development, also support the story, extraordinary. The metric measures the rate on which the value of per capita goods and services in an economy is adjusted for inflation.
“America improves the European Union in the context of a large scale per capita GDP growth. The reasons are deeply structural and not changed a bit. Said on x,
US Jobs Data added another stake to the US Jobs data released on Thursday, as ‘loss of loss of American extraordinary’, Bruce J Clarke, Inferma said on LinkedIn, the head of rates in global markets.
Implications for BTC and DXY
The return of American extraordinary for American stocks can be seen as a positive development for bitcoin
And viewing the historical positive correlation between the two broad crypto market.
According to COINDESK data, BTC, the major cryptocurrency by market value, has already increased by 44% to $ 108,000, rally rally with a faster of $ 75,000 in early April. In addition, with the Pro-Crypto President at the White House, one can argue that Bitcoin US is part of the game of extraordinaryness.
Meanwhile, the return of American extraordinaryness can also put a floor under the US dollar. “Today is another share in the story of ‘loss of American extraordinary’ with figures of jobs, the temptation to receive long dollars here for a counter-trend trade is bigger and growing,” Clarke notedECB officials adding increasing discomfort with strong euros.
Earlier this week, FT reportedQuoting a senior ECB officer, that the Central Bank may need to indicate that too strong in the euro can be an issue, as it can be motivated to hover inflation below goals. Meanwhile, Bloomberg, in an interview with ECB Vice President Luis de Guindos said The “overshooting” of the euro should be avoided, as a complex to the level above 1.20.
