Deutsche Bank's AI Dollar Warning Could Hit Bitcoin, Gold, and Stocks

Foreigners own more than $20 trillion of US shares. Deutsche Bank warned Friday that an AI-led selloff could cut both those stocks and the dollar. That would break a decade-old pattern. The dollar usually rises when stocks fall, making it a safe haven. Bitcoin and gold are priced in dollars, and both rallied in August on a weaker dollar and Fed rate bets. Why Foreign Investors Could Lose Twice George Saravelos, Deutsche Bank’s global head of FX research, set out the case in a client note, Bloomberg reported. He said foreign buying of US stocks now funds the entire US current account deficit. That is the gap between what the US spends abroad and earns.

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