The following are some of the news items mentioned in the last few days:

  • Thanks to Trump tariff threats, dollar has slid 4 percent against basket of six peers and S&P is down 4 percent this year
  • JP Morgan thinks US exceptionalism has peaked for now
  • Global carmakers rush to get ahead of Trump tariffs. Manufacturers ahve begun a rush to ship vehicles and vital parts to the US to beat the next round of Trump’s tariffs
  • Thanks to lifting of German debt brake, Italy is likely to be a big beneficiary as its northern industrial regions are closely integrated with german manufacturers
  • Healthcare business M42 has sequenced 802k genomes, including 702k from Emiratis
  • Orange juice futures have halved since the start of the year
  • KKR’s investment in Accell has lead to a billion dollar write down
    • Accell could be a good demo use case of showcasing what’s happening across markets for the company
  • How Covid shaped new ways to work
    • Rise of online meetings has not gone down post covid
    • Rise of zoom wave : digital way of saying that meeting is over
    • Hybrid work
    • Side hustle
    • Office dress
    • Trust in Staff
    • Wellbeing
    • Surveillance
    • Listening to workers
  • Overdue of rebalancing of global markets has just begun and its likely to be playing out for a long time
  • Foreigners own 30 percent of US stock markets, a record high
  • International investment deficit is at 80 percent of GDP now
  • In the past, stocks around the world tended to do well when the US market did well, and poorly when the country did poorly. That tie has broken in recent times, as the hype around America sucked the money and life out of other markets. The link remains broken, only now the US is faltering and few other nations are stumbling with it
  • Even after the declines of the last month, the real value of the dollar remains at highs rarely seen since the end of fixed exchange rates in the early 1970s. Meanwhile, the S&P 500 is down less than 10 per cent from its February peak and still trades 25 per cent above its rising trendline of the last 150 years.Even after the declines of the last month, the real value of the dollar remains at highs rarely seen since the end of fixed exchange rates in the early 1970s. Meanwhile, the S&P 500 is down less than 10 per cent from its February peak and still trades 25 per cent above its rising trendline of the last 150 years.
  • Despite the sharp rally in European and Chinese stocks this year, US stocks are valued at a premium of 50 per cent above international markets — close to the widest leads on record. America’s share of the main global market benchmark remains well over 60 per cent even though its share of global GDP is well below 30 per cent.
  • The world looks different from the North Pole. Most maps chart the planet from east to west. But look at the world from the top down, and you suddenly see America’s relative position anew. Russia dominates the region. Greenland suddenly seems important, as does Canada. China, a “near-Arctic” nation, is a bit too close for comfort. The US, by comparison, is small. Alaska, its biggest state by territory, is a fraction of the view. That world view is at the centre of the Trump administration’s new goal to “make shipbuilding great again”, courtesy of an upcoming executive order (which may drop as early as this week). This lays out the most ambitious industrial strategy in the shipbuilding sector since the Americans turned out 2,710 “liberty ships” in the space of four years during the second world war.