The End of the Trump Trade?
When Donald Trump won the election on November 5, the so-called "Trump trades" surged—Tesla, crypto, tech, oil, and banks all rallied. But since Trump officially took office on January 20—and especially over the past week—these trades have started to unwind. Source: HolgerZ, Bloomberg
DOGE DEFLATIONARY EFFECTS?
Bloomberg Economics estimates that if hashtag#DOGE attempts to go for savings of $600B/year, GDP could take a -2% hit by the end of this year, the unemployment rate could rise by nearly a percentage point, and CPI y/y could fall by nearly 0.9 percentage points. Source: Kevin Gordon @KevRGordon on X
🚨US budget deficit is SKYROCKETING: The US borrowed $838 billion in the first 4 months of Fiscal Year 2025, or $7 BILLION A DAY.
This is $306bn HIGHER than the corresponding period last year, according to CBO👇 Source: Global Markets Investor @GlobalMktObserv
🚨Cash is TRASH, according to US equity funds:
Cash allocation of US equity funds has declined to just ~1.5%, the lowest on RECORD. The Fear of Missing Out (FOMO) has never been greater. This creates downside risk Source: Global Markets Investor, Goldman Sachs
Visualizing America's $29 Trillion Economy by State
Which states contribute the most to the U.S. economy? his graphic breaks down the country's GDP by state, including overseas activity. source : visualcapitalist, voronoiapps
The top 10% of income earners in the US now account for half of all consumer spending, a record high.
(Note: top 10% = households making >$250k). Source: Charlie Bilello, Moody's analtics
Apple's largest-ever investment commitment, by the numbers:
• Includes work in all 50 states • Doubles its US Manufacturing Fund • Creates Detroit manufacturing academy The project will start later this year with construction of a Houston-based AI server facility Source: Morning Brew
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
