In Germany, investor confidence in the economy has taken a sharp hit following US President Trump's erratic trade policy.
The ZEW Institute’s expectations index plunged to -14 in April, down from 51.6 in March – a massive drop. Analysts surveyed by Bloomberg had expected a decline, but only to +10. The unpredictable shifts in US trade policy have fuelled global uncertainty, which is now weighing heavily on economic expectations in Germany. At the same time, any initial optimism about the new government's spending plans has quickly faded. Source: HolgerZ, Bloomberg
"There are three distinct categories of bear market."
- Goldman Sachs Source: Daily Chartbook @dailychartbook
Last week’s trade data shows an incredibly bleak picture for the economy:
- 49% drop in global container bookings - 64% drop in U.S. imports. - 30% drop in U.S. exports. If this continues for more than a few weeks, there is no doubt that we are headed for tough times ahead. Source: Brian Krassenstein @krassenstein on X
Who do you think is smarter here?
Source: Guilherme Tavares @i3_invest
JUST IN 🚨: S&P 500 forms Death Cross ☠️ for the first time since March 2022
Source: Barchart
Extreme anti-US sentiment or just the start of a trend?
Source: Barchart
Investing quote of the day:
Source: Meb Faber
Asset class returns 2025 YTD
Source: Charlie Biello
