$APO Apollo CEO says foreign investors will reduce allocations to US markets if current trends continue
The "sell America" trade is gaining momentum as investors look overseas amid growing uncertainty in U.S. markets. Here's a breakdown of why staying away too long could be a costly mistake: https://t.co/4WqiuyeEix
APOLLO CEO: “We’ve put a lot of capital into cash and lower-risk assets. We're willing to sit things out.” On the firm’s earnings call, Marc Rowan said he expects “extreme price volatility” ahead.
A growing number of foreign investors are becoming cautious about investing in the United States amid increasing market uncertainty. Rebecca Patterson, a longtime investor, highlighted concerns about the skittishness of foreign capital towards American markets. Marc Rowan, CEO of Apollo Global Management, noted on the firm's earnings call that the company has allocated substantial capital to cash and lower-risk assets as a precaution. He also forecasted extreme price volatility in the near term. Rowan warned that if current trends persist, foreign investors may reduce their allocations to U.S. markets. Meanwhile, some market participants view the increasing trend of moving investments overseas as a "sell America" trade, though they caution that prolonged absence from U.S. markets could be costly.