Sell SPY by Apr 24, 2026.

It is not clear to me why anyone should continue to own U.S. assets. Yes, U.S. capital markets are deep, and many American companies are exceptional, but the political risk assumed by owning American assets today outweighs the benefit of participating in an economy governed by a mad king with no apparent restraints or accountability of any kind. At this point, any person or entity investing in the U.S. is directly (U.S. Treasuries) or indirectly (U.S. private assets) enabling the …