Jim O’Neill, Former Economist, Goldman Sachs, says for the rest of this decade, it is quite likely that US equity markets are going to underperform much of the rest of the world. A more positive way to put it is, the rest of the world which was very cheap, particularly Europe and to some degree China, is probably going to outperform the US and of course that has already been the case in the short two-and-a-half months of 2025 so far. While the period between now and April 2nd will probably see some near-term recovery of the dollar, O’Neill does not think that the combination of what the US is trying to do is at all good for the sustainability of the dollar and he thinks this time next year, the dollar will be a bit weaker against major currencies around the world.
We are talking at a time when nobody knows what is coming. All we know is that American markets have reversed and there…
