Foreign investors are withdrawing capital from U.S. stocks at an unprecedented rate, with over $5 billion in net outflows reported from U.S. stock funds, marking the third-largest withdrawal in history. The S&P 500 ETF, represented by the ticker $SPY, experienced net outflows of $29.2 billion in the first quarter of 2025, the second-largest outflow on record. Analysts from Bridgewater and Barclays have expressed concerns about a potential shift in global investment flows, indicating a decline in demand for U.S. assets. This trend reflects a broader erosion of confidence in America's economic and financial dominance, as foreign ownership of U.S. stocks, which stood at 18% at the beginning of the year, is decreasing. Hedge funds have also been active sellers, offloading global stocks at the fastest pace in 12 years during March 2025, surpassing sell-offs seen during previous market downturns in 2020 and 2022. This rapid exodus from U.S. equities suggests a significant change in investor sentiment and could indicate a broader economic downturn.