The Media Is Lying To You About The Stock Market In 2025

Earners,

Many of you are (or should be!) investing your hard earned dollars in the markets. I am a massive fan of a broad based U.S market strategy as the rock of your portfolio and I’ve talked about it a ton in past newsletters.

However, there’s a growing sentiment in the financial media—and among some pundits I actually respect—that “Sell America” is a legitimate strategy and that “smart money is leaving the U.S.” I’m here to say: I think that’s complete nonsense.

Yes, global diversification is still a timeless principle. You never know which market will outperform over the next 5, 10, 15, or 20 years, and it’s smart to have exposure across regions. But I keep hearing from creators and thought leaders that they’re selling down most—if not all—of their U.S. positions. Why? Because they’re convinced the current U.S. government is going to run the country into the ground.

That kind of certainty is not only wildly overblown, it’s borderline reckless to share publicly.

U.S. ETFs saw record net inflows in the first four months of 2025 alone, pushing total ETF assets to over $10 trillion. That doesn’t happen in a market people are abandoning.

There’s still no close second when it comes to innovation, capital markets, and global business leadership than the US. Yes, even now. The U.S. remains over 50% of the total global equity market by capitalization. The S&P 500 is not some local American stock list—it’s a list of global juggernauts. These companies might be headquartered in the U.S., but they operate and dominate all over the world. To say “sell America” is to pretend like these firms aren’t woven into the fabric of the global economy.

It also assumes the next four years are the same as the next 40 years of global capital compounding. They’re not. A diversified mix of total U.S. market, global ex-U.S., and maybe bonds depending on time horizon is a more prudent, time tested approach. Personally, I’m more heavily weighted toward equities—I’ve got time. But even if you’re more cautious, there are better ways to hedge than abandoning the U.S. entirely.

So please: don’t let fear-driven headlines or emotionally charged pundits dictate your entire investing strategy. Not much has changed, even though it feels like it. Public companies might be guiding a bit more conservatively, but this whole “get the hell out of America” panic? It’s Chicken Little nonsense—and I don’t believe it’s going to serve you over the long term.

Earn More,

Nate