Deutsche Bank: The sell-off of USA Assets has been excessive.
Deutsche Bank pointed out that at the beginning of April, the USA market experienced significant volatility, but the panic regarding the dollar, USA Consumer data, and overall confidence in USA Assets may be exaggerated. From a relative valuation perspective, some cyclical USA Consumer stocks may begin to show investment attractiveness. Although policy volatility may persist, the narrative of "selling dollar Assets" may have reached its peak.
Express News | U.S. President Trump Will Meet with Canadian PM Mark Carney at 11:45 AM on Tuesday (E.T.), According to Forexlive
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U.S. stocks closed: The three major Indexes all fell, with Berkshire dropping over 5%.
① Apple issued bonds for the first time in two years; ② The Board of Directors of Berkshire Hathaway voted to appoint Abel as CEO, while Buffett continues as Chairman; ③ The reorganization plan of OpenAI had to change and will continue to be controlled by a nonprofit entity.
U.S. Stocks' Rally Takes a Break -- Market Talk
Bullish signals for sure, but with all that geopolitical drama, I’m side-eyeing this ‘relief.’ How confident are you this isn’t just a dead-cat bounce?
keep it up