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Comment by PeterStuer | Hacker News Reader

Where do you see 'foreign investment pulling out of the US'? Do you have a link to some data?

International equities: Global structural changes driving narrowing U.S. earnings growth exceptionalism - https://am.jpmorgan.com/us/en/asset-management/adv/insights/... - November 19th, 2025

Where to Go as the US Exceptionalism Trade Ends - https://www.bloomberg.com/news/newsletters/2025-06-06/where-... | https://archive.today/PSw9B - June 6th, 2025

Remaking the World Through Exiting US Stocks - https://www.bloomberg.com/opinion/articles/2025-03-19/remaki... | https://archive.today/YqD5M - March 19th, 2025

Did capital outflows from the U.S. already start? - https://globalecon.substack.com/p/did-capital-outflows-from-... - March 17th, 2025

The UK hasn't been a significant option becuase LSE dealflow is dead, and China difficult because of capital controls, and much of the capital flow within China is dry powder from those investors who couldn't exit.

As such, we have nowhere else to park other than the US, though there is an opportunity for opportunistic hedging.

That might be your opinion, but the evidence is clear asset managers are rotating away from US centric investing via capital reallocation.

Those same asset managers are my LPs and peers. It's hard enough making a broad ExChina strategy. Making an ExAmerica strategy is even harder given how lopsided the global equities market is.

Furthermore, the articles you yourself provided are either marketing collateral for emerging markets stock (JPM) or opinion pieces by asset managers trying to vouch for their case.

I welcome any citations you're able to provide, I also have a Bloomberg terminal if you have a reference not public.

I'd say this article [0] is probably a good enough overview of my thinking - there essentially is a rebalancing, but largely within American markets, with funds flowing into either Money Markets or sector speicifc funds.

[0] - https://www.reuters.com/business/us-equity-funds-see-weekly-...

Europe says hi.

Euronext, Deutsche Borse, and NASDAQ Nordic have a combined market cap a little under $10T and a little under $400B in monthly trade volume - it's too small to support an ExChina let alone an ExAmerica strategy. Heck, Euronext and DB's monthly trade volume makes the LSE look attractive.

There are opportunities that are relatively undervalued (eg. European defense majors), but there just aren't enough to make up for the entire US's public equity market. And don't get me started on exit opportunities for privately held assets (eg. PE/VC).

After the attempt to seize the Russian assets, parked capital is fleeing the eurozone.

All the data you need is in the bullshit that comes out of the White House, daily. Companies are not pulling out yet because nobody is certain, but the writing has been on the wall. Tech sector froze hiring and did layoffs specifically after the insane tariff policy when everyone realized that its no longer just memes anymore.

For example, today, Jerome Powell just got indited. Its pretty clear that end of central bank independence is coming. Remember, higher up execs dgaf if US economy fails, they have their money bags. Once 2026 elections get cancelled and US goes full fascist, you are gonna see the shitstorm happen real time. On top of that, if US is in Tumroil, China will most likely invade Taiwan, since NATO wouldn't be able to respond, and bye bye all the stock market gains.

Save this comment if you think im being extremely hyperbolic, and make sure to read it again in 2 years.

I am afraid your claims about foreign investment pulling out of the US will need more substantiated data.

Perhaps you're intending to say that "a claim made without evidence can be dismissed without evidence" but that's a personal dismissal. The way this is phrased comes off a bit self-important; they don't really "need" that data because they don't "need" you to not dismiss their claim. I rather get the impression they don't care what you think and were just answering your question.

I mean its akin to me saying "hey there is a flood coming, people are preparing for it", and you saying you need to see stats on how many sandbags are being piled up.

If you chose to remain optimistic, thats your decision.

Your personal disagreement is valid, but has no bearing on the objective reality the rest of us live in.

The Trump administration has threatened Jerome Powell (which is a stupid move) but so far he hasn't actually been indicted.

Sure, but the fact that he's willing to do create false/inappropriate charges against the FED chairman is itself a signal to foreign investors how far the US is willing to go to increase the money supply (whereby decreasing the worth of any debts/holdings in USD). It signals an asset previously viewed as safe is now less safe.

https://www.tiktok.com/@andy_riddle/video/691954418645482215...

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