- The Peel
- Posts
- Exit America Trade
Exit America Trade
The “Sell America” trade gathered pace in Tuesday’s session.
Ankit Sinha
January 21, 2026
Your Daily Dose of Market & Career Clarity
📬 Delivered to 150,000+ ambitious readers
Silver banana goes to…
Get a Top Job Offer, Guaranteed (or tuition is free) | Apply Here
🎯 In this issue:
Banana Bits: Finance headlines that actually matter
Market Summary: U.S. stock erases 2026 gains as uncertainty increases
What’s Ripe / Rotten: The tastiest and most disgusting stocks
Technical Trip: Interview Question with DE Shaw & Co
Lesson from the Library: Step onto the trading floor — learn how real desks move markets, manage risk, and stay ahead of the curve.
Deal Dispatch: M&A, IPOs, and other transactions
The Daily Poll: See how you stack up
Market Snapshot
📉 Banana Bits
The “Sell America” trade gathered pace in Tuesday’s session.
Indonesia’s central bank held rates as the rupiah stayed under pressure.
UK inflation rebounded to a five-month high, rising 3.4% year-on-year.
Chinese stocks rallied even as global markets sold off.
DeepMind’s CEO says Chinese AI firms trail Western peers by about six months.
Companies paused debt sales amid rising geopolitical risks and a Japan bond selloff.
Market News
U.S. Stock Erases 2026 Gains As Uncertainty Increases
“Sell America” traders hit full swing in Tuesday Trading after President Trump threatened tariffs on various European countries over his growing ambition to take over Greenland.
The renewed tensions led investors to hard sell equities. the S&P 500 down 2.1%, erasing its 2026 gain. A gauge of equity volatility jumped to the highest since November.
Long-term U.S. yields hit a four-month high, with investors also reacting to a rout in Japanese bonds and news that a Danish pension fund is planning to exit Treasuries. The dollar slid against most major currencies.
Going by the average return of the major exchange-traded funds tracking U.S. stocks, Treasuries, corporate bonds, and B*tcoin, Tuesday marked the worst session since April’s tariff-induced selloff. On the other hand, Gold hit another record high, hitting a whopping $4800 per ounce.
What's Ripe
RAPT Therapeutics Inc. (RAPT) 64.0%
RAPT jumped 64% to $57.57. Pharma giant GSK said on Tuesday that it had agreed to buy the biotech for $58 a share, or an estimated aggregate equity value of $2.2 billion.
Intel Corp. (INTC) 3.4%
INTC rose 3.4% to $48.56 after Seaport Research Partners upgraded the stock to Buy from Neutral and assigned a $65 price target.
The chip maker is seeing strong demand, particularly in its consumer product segment, and its new Panther Lake processors show the company’s progress as a manufacturer, Seaport said in a research note Tuesday.
The stock has risen more than 30% in 2026.
What's Rotten
3M Co. (MMM) 7.0%
MMM declined 7%. The material technology company reported fourth-quarter adjusted earnings of $1.83 a share, beating the consensus of $1.80. Revenue of $6.1 billion also topped analysts’ estimates.
Coinbase Global Inc. (COIN) 5.6%
Cr*pto stocks also dropped as investors dumped risk-on assets like Bitcoin, which has fallen 3.7% over the past 24 hours to below $90,000. Digital-asset exchange Coinbase Global fell 5.6%, an online trading platform.
Peers like Robinhood Markets slid 2.7%, and B*tcoin Treasury Strategy declined 7.8%.
🧠 Technical Trip
Interview Q&A from DE Shaw & Co
👉 Want 1-on-1 recruiting help from DE Shaw & Co bankers & 2,000+ top mentors? Apply to WSO Academy
📚 Lesson from the Library
🎥 Sales & Trading: Inside the Markets
Step onto the trading floor — learn how real desks move markets, manage risk, and stay ahead of the curve.
🦈 Deal Dispatch
M&A, IPOs, And Other Notable Transactions
Blackstone is said to be planning a $500M India IPO for PGP Glass.
Clear Street filed for an IPO, revealing sharp jumps in revenue and profits.
Netflix secured $8.3B in debt to fund the Warner buyout.
Brazil fintech PicPay filed for a U.S. IPO targeting over $400M.
Bain is reportedly making a binding bid for FineToday to tap Asia’s beauty market.
📊The Daily Poll
What best explains the AI gap between China and the West? |
Previous Poll:
If the EU moves ahead with a €93B tax on U.S. goods, what happens next?
Trade war escalates: 47.2% // Talks resume: 12.2% // U.S. retaliates: 35.0% // Markets ignore: 5.6%
Banana Brain Teaser
Previous
In the first week of the year, Nancy saved $1. In each of the next 51 weeks, she saved $1 more than she had saved in the previous week. What was the total amount that Nancy saved during the 52 weeks?
Answer: $1,378
Today
60% of the members of a study group are women, and 45% of those women are lawyers. If one member of the study group is to be selected at random, what is the probability that the member selected is a woman lawyer?
I’d be a bum on the street with a tin cup if the markets were always efficient.
How Would You Rate Today's Peel?
Happy Investing,
Chris, Vyom, Ankit, Mitchell, Fernanda, & Patrick