Beginning of this week, I had sold my full S&P position, taking some small profit (4.44%).
One day, Warren Buffett said, "don't bet against America.". This is no longer true even for him.
My sell price was €530, now it is already down 4% from this. The funny thing is that nothing yet happened (Q1 reports are yet to come). After Q1 reports index will be down more but after Q2 it will crush.
At the beginning of this year, I was predicting single-digit growth of S&P. Mainly I was thinking Trump would be saying more than he do, but since putting tariffs, turning his back against allies, it was clear to me that the US economy would be impacted a lot.
Now it is clear to me that all that has already happened will have an impact on the US economy for 10+ years with much smaller growth. For the short term, this and next yea,r we can expect S&P will be down 15-25% more from the current price.
Maybe the governments in EU or Canada are not yet that anti-US, but many ordinary people have already decided to limit or stop buying/using US products.
Keep in mind I'm not an advisor, and this is not a recommendation. It's just to share my opinion and see how other people think. You should do your own investigation.