> Assuming the US continues to alienate its allies

I wouldn’t make business or investment decisions based on any assumptions about “alienation.” I was just in Tokyo for a week of meetings with various business professionals, and there was zero sign of any “alienation.” I was expecting to spend most of the time talking about tariffs and nobody even about them. Everyone instead was focused on the new Prime Minister’s faux pas commenting on the security of Taiwan.

Just one set of data points, of course, but consider whether this concept of alienation is real or a creation of US media.