Bananafication Is the New Exceptionalism: John Authers

To get John Authers’ newsletter delivered directly to your inbox, sign up here.

Today’s Points:

• Why has the dollar stabilized? Probably because the US is sticking with its allies.
• Washington is putting pressure on Russia over Ukraine — just what Europe wanted.
• Switzerland is trying to avert tariffs as Trump says he will impose more on pharma and chips soon.
• Markets had a tough day after uninspiring US ISM Services data.
• AND: Start spreading the news...

Exceptionalism Vs. Bananafication

Entering this year, American Exceptionalism was all the rage. Then the narrative turned to the Great Retreat from America, as Trump ...