Syz the moment

WisdomTree launches first European-only defence ETF. In white >>> Wisdom Tree Europe Defence index In yellow >>> NYSE Arca Defense Index (DFI) Source: Bloomberg, HolgerZ

Unlike its German rival, the Prancing Horse has kept investors enamoured with measuredly infrequent supercar drops, impressive delivery figures, a loyal customer base, and (unlike other luxury titans) its relatively low exposure to China — though even “relatively low” can still be too high. Ferrari shares were up 760% from its 2015 IPO at Tuesday’s close. Source: Chartr

A SURPRISING RESULT ‼️ The Democrats (Center-Right) and Naleraq (Right) have almost 54% of the vote, meaning if they wanted to they could form a ruling coalition that, from what I have read, would likely be more USA centric than Denmark centric. About 65% of the total vote is in (51/72 stations), Democrats in first then Naleraq and then Inuit. Source: CA ET Nerd @earlyvotedata

"US President Donald Trump is dealing a lasting blow to confidence in the US, its products, and its stock markets. US exceptionalism is under threat from uncertainties about Trump’s political and economic policies" Source: Bloomberg

Source: Visual Capitalist

Germany's Greens won't support draft debt package in parliament. The CDU/CSU and SPD need the support of the Greens to achieve the two-thirds majority in the Bundestag in its old composition. The FDP, which was represented in the old Bundestag, will hardly vote in favor of such a debt package. Source: HolgerZ, DB

Thanks to the decoupling from America and the billions in infrastructure investment that this entails, German stocks are gaining new appeal. Their global stock market capitalization share has climbed to 2.3%, up from well below 2%. But still miles away where it used to be... Source: Bloomberg, HolgerZ

The majority of sales were in US equities and were even larger than during the 2022 BEAR MARKET. Meanwhile, sp500 and Nasdaq 100 are down 'just' 6% and 9% since their peaks. Source: Global Markets Investor