Deepseek and the dollar spoil “Trump Trades”

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Hours before Donald Trump as an American president last week, Goldman Sachs hosted the annual investment summit in its office in London, and one large of Trump’s trade continued to appear: the dollar.

The economic policy platform of the new US President is still difficult to analyze or predict any kind of details. But investors, especially speculative hedge funds, have settled on the idea that Trump means a strong bak – as a result of American exceptional or stubborn inflation or both.

For many customers, one of the major traders in the bank is determined to the managers of the collected funds, the “most obvious trade in the world”, especially with regard to the Chinese Renminbi.

Later on the same day, Trump returned to the White House. On his way, at the opening ceremony, he returned to his valuable topic of customs tariffs – one of the main policies that have faltered on his victory in the historical elections. This time, however, it came with one big problem for “clear” trade: Trump directed his most difficult intentions in Mexico and Canada, Not ChinaAnd what he previously suggested is the main goal.

A big leap in the Chinese currency that fed the drag on the dollar in all fields. The euro, Sterling Walin has picked up its lowest level – a disturbing development of the dollar.

This is far from the only supposed strategy of the championship to spend the second period of the president at the White House who faced an early problem.

The message in the period before the reformulation of Donald Trump was that his enthusiasm for the abolition of regulatory restrictions, low taxes and American commodities of all American consumers add to a strong positive situation to buy American stocks and our contract in the rest of the world. The ice on the cake is the artificial intelligence revolution, forged in the United States and It is dominated by companies listed in the United States. Some investors consider that it is not just a commercial necessity but rather a strategic geopolitical necessity to stick to the largest possible number of this issue.

Then came the latest shock in the market: the appearance of Dibsic, a Chinese challenge for us in artificial intelligence. This took some time to reach the investor radar. But at the beginning of this week, I did it with a noise, which sent us technology shares that slide quickly. The market value of NVIDIA was sank alone by more than $ 600 billion – an unprecedented daily decrease for one company. Remember: Seven American shares of AI-AI-Eaaaaa-Edly represent a third of the fully normative S&P index for American shares. If it turns out that the trench around them, especially around NVIDIA chips, is not wide or deep as investors hoped, these entire fictional stories It begins to reveal.

Pank Bankété générale notes that without NVIDIA and his first four customers – Microsoft, Google, Amazon and Meta – the entire American standards index will be about 12 percent in terms of today. With the “American exceptional in full power”, Manish Kabra, head of the bank’s property rights strategy, has no wonder that the broad American markets are painful. He added that the tilt towards the equal s & P 500, instead of the standard version that prefers the shares of the size of the monster, is logical here.

Ignoring the markets outside the United States is not wise. The main stock indicators in Germany and the United Kingdom have photographed new record levels since Trump took office. There is life in the rest of the world after all. But any challenge for us Big Tech has the ability to seriously destabilize all markets.

Unusually troublesome American stocks are an ugly blow to anyone who is expected to be an easy journey, and a painful reminder that when it comes to managing funds in the Trump era 2.0, Nobody really knows anything. Whether you are the hedge fund manager or an amateur investor in this environment, you are committed to your convictions for your responsibility.

The large United States of technology, the strong dollar and the American domination of the stock markets abroad, all of them is a nice, elegant and satisfactory story to accompany the new Trump era, and investors from all lines embraced it with great strength. “Unlike the Glory be to Him, who has achieved more in the seven days of (President) Trump?” Fake investor Bill Akman in the X Publication during the weekend.

It is difficult in the stomach, it is difficult in a timely manner that this pre -exaggeration is in time in time to consider what the chosen person will do in the next seven days, and in the seven days that followed, and whether your wallet of Trump’s deals “clear” can deal with pain.

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