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I mean they voted for a criminal. So yeah.

Literally the moment Trump won I pulled all of my investments off of the stock market.

I just knew shit will hit the fan. Here I am not losing 10% of my savings because of the crazy cheetos man and his crazy stupid nazi sponsor

For now.. Only a matter of time until this trickles out from stocks and into salaries, prices, benefits, etc

I sold 98% of mine.

now I'm diversified across Europe and Asia.

not great, but what choice do I have?

Y'all need to actually read the article instead of just using it to prove what you already believe. The world is more complicated than a headline

This is arguably bigger news than the stock market.

I guess I picked a bad time to stop huffing glue.

Oh come on, "Freak" sell off makes it sound like there's some mystery as to what caused this when it's blindingly obvious what the problem is here. The markets, and far more importantly all decent and rational people throughout the world, won't and shouldn't have any confidence in anything as long as Donald Trump is president. The only thing that starts to fix this mess is his resignation or impeachment (and that is only a start, investigations criminal charges and sentences amendments to laws etc. all need to happen too).

Nothing will meaningfully improve until the rich fear for their lives

It's not really a "freak" event when the causes are blatantly clear and self-inflicted.

I can heartily say as an American I have no faith whatsoever in this country and wish all the best in the world to the Canada-Europe-Japan conglomerate to be the only possible beacon of hope on the planet.

If ya'll want another layer of irony to all this:

George Soros initially rose to general public fame/infamy with large bets against British Pound in 1992, that effectively defeated the Bank of England's attempts to stabilize the currency, resulting in its devaluation, and something like a billion $ profit for Soros.

Fast forward to now, and Trump supporters have spent the last 5 or 10 years acting like Soros is secretly the most underhanded and influential 'world controller' bogey man that exists, and they blame everything they don't like on being funded by him... despite pretty much all of his charities and funds and causes he donates to being publically available knowledge... and despite Soros being a fairly small fish in the modern ocean of much, much more wealthy and infuential corporations and individuals.

... So, now, Trump very well may have done basically the same thing as what Soros did 3 decades ago: force the devaluation of the USD and cause economic mayhem, but... at a much, much larger scale than Soros did.

The Trump supporters have utterly and entirely lost their own plot, that they themselves mostly fabricated.

There’s a reason for that. Maybe if all those well-off bankers hadn’t thrown in with trump in hopes of deregulation their portfolios would still be slowly climbing up with the DJIA under a democrat instead of flopping around like a fish out of water under trump.

raises fear that confidence in America is fading

Just now that fear is being raised?

When US policy can change in hours, based on the whims of a madman, it’s not exactly difficult to see why people lose faith in that stability. Investors want long term stability, and right now things are complete chaos.

Why would anyone still have faith in this country?

"The fear is the U.S. is loosing its standing as the safe heaven" ? Looking at it from the E.U., it's already gone with no going back. The U.S. looks more and more like a self destructing failed state, that only needed a little nudge from foreign troll factories.

USD denominated bonds are by definition 100% exposed to the USD and it has been falling consistently (with but a single dead cat bounce) against other major currencies since Trump took over.

International investors are probably avoiding the Dollar (and hence Dollar-denominated assets) in favor of other currencies.

This would also explain why Gold keeps on beating records almost daily: it's sort of a "traditional" currency hence benefits from outflows from major currencies.

If this turns into the end of the Reserve Currency status for the USD, expect massive problems in the US with Inflation and servicing the massive US National Debt (if Treasury auctions have lower demand, Treasure yields have to go up in order to sell them, which is equivalent to say that interest rates on US Government loans go up).