It's really not, I mean I guess it's superficial because I could've listed every single other index from mexico south which guess what they all outperformed the us indices, well except Argentina but again that one has been handled extremely gently by the IMF basically they've tried their best to prop the country up. But you also misunderstand my point which I've gone over way back when I posted about this and it's about capital flow, which is why I wrote.
If capital starts to feel more welcome in these economies at a time when the US appears to be actively trying to discourage foreign capital then this stream is going to grow.
Under Trump the flow of foreign capital into the US has slowed and the flow of US capital outside has increased. As for Brazil, foreign capital likes high interest rates so like I don't know what your point even is there. Like nothing you are saying is refuting anything I've written.
I mean that's just wrong what concessions has he gotten? Hell talking about the whole Japan-US trade deals the US had to very quickly walk back their demands of strengthening the Yen against the dollar because the Japanese literally came out and said
Like as of right now the only thing the US is asking for globally is 'Please world make your currencies stronger, please world let us sell you our shitty crops and meat' which is a far cry from what they all asked for when they started out. Because the guys in charge are openly arguing with each other during a trade discussion with other nations.
This is compounded by the fact that the US government did stupid shit like 90 DEALS IN 90 DAYS, they got exactly one from the most servile country the UK, when trade discussions take at least a year, especially when they have to make deals with the entire world, like the earliest reasonable timewindow the US gov could actually get is by september because that's how long a serious country needs to agree on new trade policies.