Asset Managers Churn Out Defense Funds Once Deemed Uninvestable
Bloomberg
Tariffs are set to rise to 18% under Trump - according to the Tax foundation This level was last seen around the Great Depression
Source. Bravos Research, Apollo
The S&P 500 has lagged behind Chinese, Mexican and European stocks since Trump's inauguration 👀
Source: Bloomberg
Below is a list of 55 financial websites that are either free or offer extensive free functionalities.
Source: @realLigerCub on X
Germany political situation summarized in one chart
A CDU/CSU and SPD coalition holds a clear majority w/328 out of 630 seats. However, fringe parties AfD and Linke have a blocking minority of 216 seats, making it harder to revise the debt brake. Still, defense spending can be arranged through European mechanisms, bypassing the German debt brake, and the Left Party is likely to support changes for infrastructure investment in Germany. Source: HolgerZ, Goldman Sachs
The mid-cap MDax is significantly outperforming the benchmark Dax, driven by optimism for economic reforms after the election.
Since the MDax is heavily tied to the German economy, it benefits the most from these expectations. Source: HolgerZ, Bloomberg
“I’m actually pretty negative for the first time in a while,” Cohen said.
“It may only last a year or so, but it’s definitely a period where I think the best gains have been had and wouldn’t surprise me to see a significant correction.” Source: Alexander Stahel 🌻@BurggrabenH, Bloomberg
Great post from Callum Thomas on X "Lessons from the past..."
While the internet would go on to become ubiquitous and a source of tremendous wealth and innovation -- at the height of the dot com bubble it was pure Hype at that stage... certainly relative to the valuations prevailing at that time. Note however that Mag 7 P/Es and fundamentals are quite different from the dot-com bubble. And that during the current AI bubble, we haven't seen the kind of IPO frenzy which prevailed at the time of the dot.com bubble. So maybe this bubble has more room to go...
