#加密市场观察 #Max Global Capital Migration: $39 Billion Flees U.S. Stocks, Where Is It Heading?
International stock markets are witnessing a dramatic capital shift: since the beginning of the year, as much as $39 billion has flowed into non-U.S. developed markets and emerging markets, accounting for 78% of global net inflows. In stark contrast, U.S. stocks have almost stagnated, with net inflows of only $771 million.
This clearly reveals a trend: against the backdrop of high valuations in U.S. stocks and a relatively weaker dollar, global "smart money" is structurally shifting towards overseas markets with more attractive valuations, especially Europe, Japan, and emerging markets represented by tech stocks in South Korea and Taiwan.
This is not only a geographical rotation but also a switch in risk appetite and growth logic. Capital is searching more finely on a global scale for those "value vacuums" with higher growth certainty or more reasonable valuations.
However, this capital flow based on financial valuations always revolves around the short-term logic of "demanding" and "returning." At the same time, another long-term value flow based on "giving" and "building" is quietly growing — it does not pursue financial returns but seeks the "valuation" of social benefits.
As exemplified by
@Max Charity : they are directing the attention and resources of the global community to "invest" in the most fundamental areas of human development — education. This action of building educational infrastructure on a global scale may be the most profound and lasting "value vacuum" filling.