Authored by Simon White, Bloomberg macro strategist,
US speculators look like they’re more confident in the stock rally persisting than foreigners are.
The S&P 500 is closing in again on the 6,000 level. But who’s primarily driving it? Foreigners have had to contend with a swath of potential risks in the last few months, the latest a possibility that their US investments could be hit with a punitive tax.
