高盛：全球市场观点-美国例外论面临双重困境

16 March 2025 | 6:17PM EDT Global Market Views: Double Trouble for US Exceptionalism 1. Two stark shifts in macro markets. The past month has seen two important shifts across global markets. The first is a sharp re-rating lower of US growth in US stocks (especially cyclicals), rates and the Dollar, on the back of tariff volatility and the environment of broader policy uncertainty created by the new Administration. The second is a sharp re-rating higher in the fiscal impulse in Germany, with an associated up ...