From stocks to dollar, Trump’s ‘Golden Age’ is off to ugly start

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According to Bloomberg, when Donald Trump took oath as the 47th US president, he announced the termination of a new ‘Golden Age’.

Around the 100-day mark of his second term, investors who literally took it-and bought precious metal-have been rewarded.

Those who took it seriously, however, are frustrated, frustrated, as they are full of treasury buyers, who have also put our debt shelter in doubt.

Instead of sacked US economic and market domination with tax deductions and irregularities, fires of prices and geographical political uncertainty have given rise to the most important market swings in recent history.

The American stock, which began with Trump’s second -term record height, has been on the path to his worst opening since Gerald Ford took office in 1974. Even in the 1970s, the revised dollar has weakened the most weakening of gold standards more than 50 years ago.

Market stand out? Gold, the final Safe Haven, has increased a record, while despite the decline this year, Bitcoin has widely achieved the benefits of crypto -friendly policies under Trump. The market -by -market view on Trump’s first 100 days is:

Stock

Despite the recent stability, the S&P 500 index has decreased by about 8.0 % after its inauguration, and during President Ford in 1974, during the first 100 days of the president, after Richard Nixon’s resignation, it has a speed less for his worst race after President Ford.

This is a U -turn on Wall Street, which has seen more than 20 % of the benefits coming after two straight years and is expected to be on the pro -development agenda. Instead, the markets brutally sworn when Trump basically slapped prices on every country where US companies work.

The aggressive pressure of the administration to deport non -documentary workers and the federal employees, the widespread firing of unidentified investors, and S&P 500 spinning have been sent to the seventh fastest reform since 1929.

“It was a systematic threat in its purest form, for a very diverse books,” said Mark Malik, chief investment officer of Seburt. “The fluctuations have been quite different from anything we have experienced in the past, and it has spread blindly in all fields and assets classes like wildfire, random sound cutting and policy tricks are permanently fueling.”

Crypto

BitCoin, the star of Trump’s Crypto presidential campaign, has struggled to maintain his pace.

According to Bloomberg’s data, despite the initial excitement, the largest digital asset after the inauguration of Trump is less than 7.0 %, even after winning a big policy for the wider industry.

In connection with the election campaign, Trump expressed his commitment that all the rest of the Bitcoin was “made in the United States” and to establish BitCoin Reserve. The president was once a cryptocurrency, but became a passionate supporter during the elections, as digital assets organizations promoted their involvement in US politics through major political donations.

Richard Galon, co -founder of the Hedge Fund DACM, said, “Trump has campaigned on a supporter platform in Crypto and has provided it on a large scale, indicating that friendly regulators have been installed in key roles, while Securities and Securities have been given the issues.

Bitcoin prices are more than 30 % before the selection level. Galon said, “The market price was sharp in the market -pro -market environment in November, but since then tariff policies have been announced,” Galon said, since then, some extent has been facing the weakness of the wider equity and bond market. “

US Dollar

The US dollar index suffered a loss of about 9.0 % after Trump returned to the White House, and was put at the end of the month in the early 1970s – when the United States abandoned gold standards and let the dollar swim freely.

In recent decades, the president’s first 100 -day position has been marked by currency, when the average of returns between 1973 is close to 0.9 percent, when Nixon began his second term and 2021, when Joe Biden took power.

Under Trump, a $ 7.5-trlerial foreign exchange market tariff has been whipped by U-Turnins and social media posts a day. Each other major currency tracked by Bloomberg has achieved the dollar against Swedish Karuna, Swiss franc and the euro.

Even since January 20, the Mexico Peso and Canada dollars have reinforced the US currency, delaying Trump’s most aggressive trade risks and negotiations.

American treasures

In the decades, the most dramatic move has been swept away in the 29 trillion treasury market in the last 100 days.

Trump sent a rally on 10 -year notes on 10 -year notes in early April, when Trump announced a widespread taxes on almost all US trade partners and promoted demand for investors for Huars.

But with the fear of Wall Street, the hunger became rapidly that the developing trade war would send the United States into recession, which causes investors to sell treasures. The benchmark rate posted its biggest weekly increase since 2001, which touched 4.59 %.

The Federal Reserve Chair against Jerome Powell has also said in the fuel of the market through Trump’s rentals-the quality of the treasury shelters, which has long been seen as the world’s “danger-free” asset. The US government’s debt is used as a benchmark to determine the price of everything from stock to independent bonds and mortgage rates, while suicide attacks are carried out to lend trillions of dollars a day.

Credit

Credit markets were initially pleasant when Trump was elected. In November, the risk premium on blue chip corporate loans in the United States reached its bottom since 1998. But after that, Trump’s sweeping revenue proved to be short -term after eliminating debt markets in the worst melting after epidemic.

In the days after the tariff announcements on April 2, the regional banking crisis in March 2023, and the failure of credit Swiss, increased risk gauges in the corporate bond market in the United States and Europe. Since March 2020, additional production has increased on government bonds demanding the worst sales of junk bonds globally.

Companies effectively shut down themselves from borrowing in US debt markets, bond prices fell, trade costs increased, and the measurement of Bloomberg news has benefited the most disturbing loans in at least 15 months.

The route was so severe that it surprised some people what time would it take for the feed to interfere.

The 90 -day interval at prices is giving bond holders some comfort. From Wall Street’s largest banks to the world’s largest retailer – all kinds of lenders have called for partial recovery to increase the debt immediately while the window is still open.

In junk bonds and leveraged loan markets, many transactions have been removed, and banks have been stuck with $ 7.7 billion worth of “hung” loans. But in recent times, there have been indicators that investors are still willing to take the risk, a group of banks successfully sold about $ 1.23 billion loans tied to the purchase of X -Holdings Corporation, which was previously known as Twitter.

Oil

Oil has decreased and a dark economic approach through tariff war has played a major role.

At the same time, the organization of petroleum exporting countries and its allies has begun to restore supply in an attempt to deceive the countries that are cheating output quota.

Brent Future, which has dropped from $ 58.40 to a barrel in early April, is now trading at about $ $ 65. He stood below $ 81 before Trump came to office. The important thing is that weak oil will help reduce inflation and reduce fuel prices before Trump’s election.

Sleep

One of the few assets that benefited from the turmoil is gold, which has set 28 newly -time heights since Trump won power in the November 5 elections. Initially records began to riot when traders feared that Trump’s prices would be trapped, the future rise of US gold helps raise prices globally when traders pushed the Billion to the United States before any kind was imposed.

The trade finally talked about stopping when gold was masked. But-after the fall of the global markets, the bilin rally soon went into the over drive as a heavy asset was revealed as a test of its time. Prices are more than just over $ 3,500 an ounce earlier this month, and even after recent sessions, the gold now makes the S&P 500 rivals as one of the world’s best performing assets in the past five years.