Michael O' Rourke, chief market strategist at Jonestrading, said: “After the US election, Americans had many expectations, many of which were misguided, but the overwhelming consensus was that once Trump took office, everything would be fine. What he is trying to implement is structural reform... every time a structural change occurs, there is uncertainty and friction. It's understandable that people are starting to get a little worried and are starting to make a profit.” “Furthermore, we have experienced this era of American exceptionalism, where America's performance has greatly surpassed other countries... This is one of the reasons why you can invest in other parts of the world where price-earnings ratios are much lower. While the US is driving its structural transformation, it may at least not be affected by America's overvaluation.”

Michael O' Rourke, chief market strategist at Jonestrading, said: “After the US election, Americans had many expectations, many of which were misguided, but the overwhelming consensus was that once Trump took office, everything would be fine. What he is trying to implement is structural reform... every time a structural change occurs, there is uncertainty and friction. It's understandable that people are starting to get a little worried and are starting to make a profit.” “Furthermore, we have experienced this era of American exceptionalism, where America's performance has greatly surpassed other countries... This is one of the reasons why you can invest in other parts of the world where price-earnings ratios are much lower. While the US is driving its structural transformation, it may at least not be affected by America's overvaluation.”