Market sentiment has shifted markedly as investors increasingly adopt a 'sell America' stance, a trend now being described as the real 'Trump trade.' This shift is reflected in significant selling pressure on major U.S. equity ETFs such as the SPDR S&P 500 ETF Trust ($SPY) and the Invesco QQQ Trust ($QQQ), reaching levels not seen since the 1980s. Analysts and market observers note that this narrative represents a substantial change from previous market dynamics associated with former President Donald Trump's influence on equities. The prevailing consensus is that the 'Trump trade' has evolved into a broader sell-off of American assets, signaling a reassessment of U.S. market prospects among investors.