Money flowing into the US market today is not driven by belief in American exceptionalism but by the US being the best available option—'the only game in town'—which is fundamentally different from the opportunity-seeking capital that flowed into 1980s Japan, and the S&P 493 excluding the Magnificent 7 is basically flat on the year.
causalpending
Speaker
Grant WilliamsEvidence Quote
“money's going into America because it's the best option... They're going there because the American market is performing the best. And they're two very, very different things.”
Source
Grant Williams and Matt Geiger: Investing During Crises and Navigating a Spirited Metals Market— CLEAR COMMODITY NETWORKCreated: 6/18/2026, 1:59:07 PM
My Notes
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