As The 'Sell-America' Trade Runs Out Of Steam, JPMorgan Strategy Chair Deep-Dives Washington's Grip Over Markets On Its 250th Birthday

On the 250th anniversary of the Declaration of Independence, Michael Cembalest, Chair of Market and Investment Strategy for JPMorgan Asset & Wealth Management, uses the imaginary “Aquilaceph”  - a half bald eagle, half octopus - as a metaphor for America’s continued tight grip on global markets.

Chapter 1: The dollar’s grip on reserve currency status defies the usual suspects