Forget the debasement trade: 2 reasons the US is the best place to keep your money, according to BlackRock chief Larry Fink.

Core Viewpoint - BlackRock's CEO Larry Fink maintains confidence that US assets will remain the best investment for at least the next 18 months despite concerns over the debasement trade [1][7]. Group 1: Investment Outlook - Fink believes that most global investors have a significant overweight in US markets, which he considers the optimal investment location for the next 18 months [2][7]. - The earlier sell-off in US assets has largely reversed, with a strong rebound in foreign demand for US assets observed in May and June [3][4]. - Major companies in the AI sector, including Amazon, Meta, Microsoft, and Google, are projected to spend up to $320 billion on capital expenditures this year, indicating robust investment in the US [5]. Group 2: Market Dynamics - Concerns over the debasement trade, which suggests a flight from dollar-denominated assets due to fears of the US dollar losing value, are being downplayed by Fink [1][7]. - Other safe-haven assets, such as gold, are retreating after a rally driven more by fear of missing out (FOMO) than by fundamental financial stability concerns [4]. - Major financial institutions like JPMorgan, Morgan Stanley, and Apollo have expressed skepticism about the "sell America" narrative, highlighting the excitement for investment opportunities in the US [6].