Six things mentally strong people do
Source: Yasin Arafeh
Donald Trump was once asked on 'The Apprentice': "What's the most important lesson in business?"
Here's what he answered: SPEED. When Trump saw big opportunities, he acted fast: • Trump Tower: Seized prime Fifth Avenue location • Plaza Hotel: Record-breaking purchase • Mar-a-Lago: Turned $10M investment into $22.7M annual revenue. But there's a crucial lesson here: Success isn't just about the size of your moves. It's about the speed at which you make them. Trump's philosophy works because it combines two critical elements: 1. Spotting massive opportunities 2. Acting before others can Source: Hosun @hosun_chung on X
Europe doesn't have much AI companies but they aim to lead on AI regulations...
Source: European Commission
🚨What is happening with the eurozone economy?
Germany and France GDP fell 0.2% and 0.1% in Q4 2024. Italy's GDP was flat for the 2nd consecutive quarter. In effect, Euro-area economy did not grow in Q4 2024. Germany has contracted for 2 consecutive years in 2023 and 2024... Source: Bloomberg, Global Markets
🚨 US MACRO DATA & NFP RELEASED!
SOME SIGNS OF ECONOMIC SLOWDOWN BUT JOB MARKET AND CONSUMERS STAY STRONG 🚀 🔴 US GDP (Q4), 2.3% Vs. 2.6% Est (prev. 3.1%) Q4 GDP rose at an annualized rate of just 2.3% (lowest in 3 quarters), powered by a 4.3% surge in personal spending. Here are the details: - Personal consumption: 4.2% vs. 3.2% est. - Non-residential fixed investment: -2.2% (Q3: +4%) - Housing investment: +5.3% (Q3: -4.3%) - Exports: -0.8% (Q3: +9.6%) - Imports: -0.8% (Q3: +10.7%) 👉 Bottom-line: Consumption strong, but trade and business investment drag. 🔴PCE 4.2%, Exp. 3.2% (prev. 3.7%) Core PCE 2.5%, Exp. 2.5% (prev. 2.2%) 🔴US Jobless Claims, 207K Vs. 225K Est. (prev. 223K) 👉 Job market remains resilient ➡️ Overall, this still sounds like goldilocks. Growth is slowing down but remains resilient overall and the consumer is in good shape. Inflation risk remains but is not accelerating meaningfully with Core PCE in line with expectations.
BOC (Bank of Canada) ANNOUNCES AN END OF QUANTITATIVE TIGHTENING
AND WILL GRADUALLY RESTART ASSET PURCHASES IN EARLY MARCH. Who will be next?
As expected, the ECB just cut interest rates by 0.25% to 2.75% as inflation nears 2% and growth stays weak.
Indeed, with Germany and France shrinking, the pressure was on. The eurozone economy is barely moving with Q4 GDP flat for the eurozone, with Germany (-0.2%) and France (-0.1%) dragging things down while Portugal (+1.5%) and Spain (+0.8%) showed some life. The ECB is playing it cautious, adjusting rates based on data. They reiterated that the disinflation process is well under way and that they see inflation converging towards 2%. The ECB says it’s not locking into a rate path—just watching inflation and economic data closely. The bond market is taking it quite positively with 10y Bond yield down 7bps at the time of our writing. With growth slowing, more cuts might be on the table. Let see what Mrs. Lagarde have to say during the conference call - especially with regards to wages and tariffs. Baring a major positive surprise coming from Germany on the fiscal side, the Eurozone growth outlook remains bleak - this opens the door to at least 1 rate cut every quarter.
Can you believe it?
European banks have outperformed the Mag 7 over the past two years.... via @GoldmanSachs
