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It's America First in Markets as S&P Thrives in Trump Trade Haze

Elena Popina, Lu Wang

What had been a worldwide party in global markets has lately been a party of one. With stress breaking out from Turkey to Russia, equities in China bouncing around to the tune of $100 billion a day and talk of contagion everywhere, U.S. shares are turning into the safest bet. The S&P 500 is up 6 percent in 2018 and the rest of the world is down 5.8 percent, the biggest split in four years.