Is it time to 'Sell America' on Fed Independence Risks?

Watch on YouTube ↗  |  January 12, 2026 at 18:18  |  2:21  |  Bloomberg Markets
Speakers
Remi Olu-Pitan — Head of Multi-Asset Growth and Income at Schroders

Summary

Remi Olu-Pitan of Schroder discusses whether investors should sell America amid Fed independence risks. She favors international assets over US equities and sees a challenging environment for the US dollar. She is positive on commodities broadly, including precious metals, and says oil's negativity is largely priced in at current levels.

  • Fed independence risks and a weaker dollar are weighing on US asset attractiveness.
  • Remi Olu-Pitan prefers international assets, citing Japan and Europe as examples.
  • She believes the US dollar faces a difficult and challenging environment.
  • She sees a good environment for commodities due to growth, dollar weakness, and geopolitics.
  • Precious metals are highlighted as particularly supported by dollar weakness.
  • Oil has been weak, but she thinks much negativity is priced in at current levels.
Ideas
Remi Olu-Pitan Head of Multi-Asset Growth and Income at Schroders 0:02
Sell US equities, own international assets
Fed independence risks and a weaker dollar make US assets less attractive. A weakening dollar is challenging for the US dollar and could weigh negatively on US equities, especially for international investors. She prefers owning international assets, citing Japan and Europe as places with interesting stories, because dollar weakness reduces financial tightening and supports positive dynamics elsewhere.
SPY HIGH
Remi Olu-Pitan Head of Multi-Asset Growth and Income at Schroders 0:02
Sell US equities, own international assets
Fed independence risks and a weaker dollar make US assets less attractive. A weakening dollar is challenging for the US dollar and could weigh negatively on US equities, especially for international investors. She prefers owning international assets, citing Japan and Europe as places with interesting stories, because dollar weakness reduces financial tightening and supports positive dynamics elsewhere.
International assets EWJ VGK HIGH
Remi Olu-Pitan Head of Multi-Asset Growth and Income at Schroders 0:08
US dollar faces challenging environment
In this environment it is quite difficult and challenging for the US dollar. Fed independence risks and a weakening dollar trend reduce financial tightening and support positive dynamics elsewhere, so she is bearish on the dollar.
USD HIGH
Remi Olu-Pitan Head of Multi-Asset Growth and Income at Schroders 1:16
Commodities good; three key drivers
Commodities face a good environment due to three driving forces: better global growth, a weaker US dollar that is particularly supportive for precious metals, and geopolitics that warrant portfolio hedges. She sees commodities as a proactive hedge in a noisy geopolitical environment.
DBC GLTR HIGH
Remi Olu-Pitan Head of Multi-Asset Growth and Income at Schroders 2:17
Oil negativity is largely priced
Oil has not performed well and the environment has not been the best, but at current levels much of the negativity is already priced in, making the setup more favorable.
WTI MED
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This Bloomberg Markets video, published January 12, 2026, features Remi Olu-Pitan discussing SPY, International assets, EWJ, VGK, USD, DBC, GLTR, WTI. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Remi Olu-Pitan  · Tickers: SPY, International assets, EWJ, VGK, USD, DBC, GLTR, WTI