Societe Generale strategist Alain Bokobza, who accurately predicted the end of US financial dominance, believes the shift away from American assets will continue for years under Trump’s trade policies.
Since his warning in September 2024, the S&P 500 has fallen 15% and the Dollar Index has dropped nearly 9%.
Bokobza cites tariffs, trade uncertainty, and potential Federal Reserve independence concerns as key factors driving investors toward European, Japanese, and Chinese markets instead.