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A summary of Trump's first week in office: tariffs are nowhere to be seen, leaving USA Assets mediocre, while non-USA Assets unexpectedly shine.
As anticipated earlier, the financial markets were very excited during the first week after Trump's inauguration, but the way this excitement manifested seems quite different from what most investors had imagined. The "Trump Trade" that was all the rage during last year's campaign — heavily investing in U.S. stocks and the dollar, underweighting international stocks, and shorting U.S. treasuries — performed rather mediocre over the past week. Indeed, U.S. stocks rose, but not as much as the stock markets in Japan and Germany, and even lagged behind some Emerging Markets. The dollar plunged, and the U.S. treasury market was quite calm throughout the week, with most yields quietly declining. Trump was certainly busy in the first week after taking office:
UBS Advisor Team The Stephens Group Named to Forbes Best-In-State Wealth Management Teams List
Europe Expected to Further Delay Bank Trading Rules - Report
UBS CEO Says Cost-cutting Drive to Continue With More Layoffs
UBS Group has given Zijin Mining Group a "Buy" rating with a Target Price of 22.3 Hong Kong dollars.
UBS Group released a research report stating it gives Zijin Mining Group (02899) a "Buy" rating. Due to the downward revision of Zijin's production guidance, it is expected that investors will have a slightly negative reaction. The Target Price is set at HKD 22.3. Zijin Mining Group's net income attributable to Shareholders in the 2024 fiscal year is expected to increase by 51.5% year-on-year, which is basically in line with market and the bank's expectations. During this period, Copper production increased by 6% year-on-year, slightly below the annual forecast; Gold production increased by 8%, which is in line with the annual forecast. Zijin has revised its 2025 Copper production guidance down by 6% from 1.22 million tons to 1.15 million tons, while the Gold production guidance remains unchanged.
External headlines: The SEC of the USA established a Cryptos task force. Apple had a bleak start to the new year. OpenAI teams up with SoftBank and Oracle to invest in AI. The CEO of UBS Group hinted at continued layoffs.
The major headlines that global financial media focused on last night and this morning include: Trump will announce a massive investment in AI infrastructure in collaboration with OpenAI, SoftBank, and Oracle. US President Donald Trump is expected to announce a new AI investment plan, with SoftBank, OpenAI, and Oracle ready to announce the establishment of a joint venture. A White House official stated that Trump will announce an initial investment of 100 billion dollars on Tuesday afternoon alongside SoftBank's Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison, with the scale potentially expanding over the next four years.
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Buy n Die Together❤ :
Sunny Soh OP : Watch here: https://youtu.be/jYIV-2f-VP0
Barish : Question regarding asset distribution— its says no stocks no funds or cash. What is this OTHERS belongs to ?
Sunny Soh OP Barish : Derivatives - futures, options etc.