Syz the moment

After a turbulent history of threats and suspensions, Meta's Zuckerberg is carefully courting Trump 2.0. Beyond the $1M inaugural donation, he's given the president-elect private demos of Meta's smart glasses and hosted strategy sessions with incoming White House officials at Mar-a-Lago. He's not alone—even longtime Trump critic Jeff Bezos has changed tune, calling Trump "calmer" and "more confident" this time around. With Republicans set to control Washington and eyeing tech regulation, Silicon Valley's power players are adjusting their stance. Source: Wall Street Journal, @MarioNawfal

in the current context of weak inflation, upward pressures on the Swiss franc and worrying dynamics in neighboring European countries. The 50bp rate cut is half-a-surprise for financial markets, that were not fully convinced of the possibility of such large movement and were rather pricing a 25bp rate cut. swiss franc initially weakened 0.5% vs the Euro. But it is already back to 0.93. OUR TAKE (based on our Chief Economist Adrien Pichoud views) 👉 Swiss CPI inflation has slipped below 1% in the 4th quarter of 2024 (+0.7% in November) and it is expected to slow further in 2025. The SNB expects inflation to hover just above zero (+0.2%/+0.3%) for most of next year before picking up slightly as 2026 draws near. By averaging +0.3% in 2025, the inflation rate would be at the very bottom of the 0-to-2% range that the SNB targets. 👉 As the Swiss economy faces headwinds from the strength of the Swiss franc and the weakness of economic activity in Germany and most other European economies, monetary policy has no reason to be restrictive and had to be adjusted. After today’s rate cut, the monetary policy stance is about neutral (with a real short-term rate close to 0%). 👉 Looking ahead, more rate cuts are to be expected in 2025. We expect the CHF short-term rate to be lowered to 0.0% by June next year, with 25bp rate cuts at the March and June meetings. 👉 Will Switzerland move back to NEGATIVE RATES? This is not our scenario at this stage, even if it wasn’t ruled out by Mr Schlegel recently. Potential undue upward pressures on the CHF will then likely be addressed with interventions on the FX market and a possible expansion of the SNB’s balance sheet size. It would require a significant deterioration in global growth and inflation dynamics next year for the SNB to be pushed back into negative interest rate policies. Source chart: Bloomberg

🚨 Do you agree? 🤔 Source: Barchart

Source: Evan @StockMKTNewz

“We expect net buying of at least $2.1b shares by ETFs” - @JSeyff thru Eric Balchunas

Source: Matt Allen @investmattallen

ADD: $MSTR $PLTR $EQUIX Removal: (Will remove certain stocks) Source: The Architect @astocks92 SOURCE: BLOOMBERG INTELLIGENCE

The stock price rose 28% while the valuation has hit a record high 40 (P/E) Source: The Coastal Journal