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Why the ASX has avoided the worst of Wall Street’s sell-off

In January as the global investment bank Goldman Sachs hosted their top clients in Davos, a consensus was reached. Donald Trump was about to enter the White House, setting the scene for the year of the business person.

The trade of 2025 was simple: to go long the United States, the US dollar, its market and its tech giants.

Source: https://www.afr.com/markets/equity-markets/why-the-asx-has-avoided-the-worst-of-wall-street-s-sell-off-20250311-p5linb