Jessica Mendoza

How much of a stronghold has the U.S. had on the world economy recently? Is that a quantifiable number?

How much of a stronghold has the U.S. had on the world economy recently? Is that a quantifiable number?

Coming into this year, U.S. stocks had grown to make up more than 70% of the MSCI world, one of the most popular global stock market indexes. And as of February, foreign investors and governments owned almost $9 trillion in U.S. treasuries.

Coming into this year, U.S. stocks had grown to make up more than 70% of the MSCI world, one of the most popular global stock market indexes. And as of February, foreign investors and governments owned almost $9 trillion in U.S. treasuries.

Coming into this year, U.S. stocks had grown to make up more than 70% of the MSCI world, one of the most popular global stock market indexes. And as of February, foreign investors and governments owned almost $9 trillion in U.S. treasuries.

And so just stepping back, big picture, the way that this idea of American exceptionalism and the way that it's sort of taken hold of global markets, what has that meant for the U.S.? What's sort of the upshot?

And so just stepping back, big picture, the way that this idea of American exceptionalism and the way that it's sort of taken hold of global markets, what has that meant for the U.S.? What's sort of the upshot?

And so just stepping back, big picture, the way that this idea of American exceptionalism and the way that it's sort of taken hold of global markets, what has that meant for the U.S.? What's sort of the upshot?

For years, that was the status quo. Investors saw the American stock market as a reliable place to get rich. And after Trump's election in November, U.S. markets looked even stronger.

For years, that was the status quo. Investors saw the American stock market as a reliable place to get rich. And after Trump's election in November, U.S. markets looked even stronger.

For years, that was the status quo. Investors saw the American stock market as a reliable place to get rich. And after Trump's election in November, U.S. markets looked even stronger.

But soon after Trump took office, he started doing something he didn't do in his first term — aggressively implementing steep tariffs. That started to worry investors.

But soon after Trump took office, he started doing something he didn't do in his first term — aggressively implementing steep tariffs. That started to worry investors.

But soon after Trump took office, he started doing something he didn't do in his first term — aggressively implementing steep tariffs. That started to worry investors.

Since Trump's inauguration, the S&P 500 is down roughly 10%. That's the index's worst performance in the first 94 days of any presidential term on record. Then, just this past Monday, something surprising happened. The stock market, the bond market, and the value of the U.S. dollar were all down.

Since Trump's inauguration, the S&P 500 is down roughly 10%. That's the index's worst performance in the first 94 days of any presidential term on record. Then, just this past Monday, something surprising happened. The stock market, the bond market, and the value of the U.S. dollar were all down.

Since Trump's inauguration, the S&P 500 is down roughly 10%. That's the index's worst performance in the first 94 days of any presidential term on record. Then, just this past Monday, something surprising happened. The stock market, the bond market, and the value of the U.S. dollar were all down.

Lost confidence can have real consequences. Less investment in the U.S. bond market makes it more expensive for the government to borrow. And a weak dollar means U.S. companies pay more for imports, and Americans have less buying power on trips abroad. What is the Trump administration saying about all of these market issues?

Lost confidence can have real consequences. Less investment in the U.S. bond market makes it more expensive for the government to borrow. And a weak dollar means U.S. companies pay more for imports, and Americans have less buying power on trips abroad. What is the Trump administration saying about all of these market issues?

Lost confidence can have real consequences. Less investment in the U.S. bond market makes it more expensive for the government to borrow. And a weak dollar means U.S. companies pay more for imports, and Americans have less buying power on trips abroad. What is the Trump administration saying about all of these market issues?