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MAGA turning / U.S Layoffs ! / MSFT for VISIO, world shifting away from U.S / SAP weak / SILVER 100+ for longer

  • Writer: Stéphan
    Stéphan
  • 2 days ago
  • 4 min read

  • US layoffs have surged to recessionary levels: US employers announced 1,206,374 job cuts in 2025, up +58% YoY, the highest since the 2020 Crisis. Excluding 2020, this was the worst year since the 2008 Financial Crisis, and the first layoffs announcement in 2026 are getting bigger

  • Markets : MAGA is turning on Donald Trump, peak Trump 'impact' in markets, not that he can't go loopy still, clearly he can and he will no doubt..,  a central goal of the "Mar-a-Lago Accord"—an economic framework proposed by advisors within the Trump administration—is to deliberately weaken the U.S. dollar (market been doing just that..(THREADs below), and FWIW as we been writing about for nearly a year..., markets may push further than they wish for... at which point the ECB can start to say that EURUSD is too high.... SILVER 'it is different this time' - prepare for 100+ for a long while...(Thread-HECLA President reveals why) >> earnings in full swing (MSFT ''rising costs..'' + circular deal NVDA and OpenAI), SAP drops to 2y lows!, metals still in focus, USD bounced a little after Bessent and weakened again overnight, 10's UST's quietly selling off 4.27% now (steeper curve with Rieder..), Iran building up for something big, UK PLC's to benefit from CHINA rapprochement, commodity boom continues to support the likes of AUD, NOK, LATAMs, Brazil, CHILI ETF's etc..

  • Geopolitics : Trump says a "massive Armada" is heading to Iran and "like with Venezuela, it is ready, willing, and able to fulfil its mission." "Time is running out, make a deal, the next attack will be far worse,", EU expected to put Iran guards on 'terrorist list', Trump weighs major new strike on Iran as nuclear discussions show no progress

  • The world is adapting, shifting away from America : PetroChina has stopped buying “stolen” Venezuelan oil that is being marketed under U.S. control, France to replace Microsoft Teams and Zoom with its own video platform, Visio, across all Govt departments by 2027, there will be many more of those, EU-India trade deal is the same, net net the U.S isolated itself and will lose out long-term, Trump is single-handedly turning long-term traditional allies away from the US towards China and Europe..EU’s Kaja Kallas: Europe is no longer Washington’s primary center of gravity. The shift has been ongoing for a while. It is structural, not temporary... let that sink in..Keir Starmer going to China, with 50 UK CEOs, is a huge deal, it’s a break from the autopilot politics of the UK centre-left, where America is always alpha and omega, to a more pragmatic approach.... good for UK PLC's long-term

  • The former Spanish Prime Minister Felipe González stated: "I personally believe, and I say this with all due respect, that Trump is completely insane. A fool who is given power destroys his people."

  • Slovak PM Robert Fico (and old friend of Trump..)... told EU leaders he was alarmed after meeting Donald Trump on Jan. 17 at Mar-a-Lago, calling Trump’s state of mind “dangerous” and raising concerns about his “psychological state,”


Powell 'irrelevant' for markets, ALL about next FED Chair, Rick Rieder still odds-on





ALL ABOUT THAT USDOLLAR POLICY... Long-term USD dominance over, which started last year on the Mar-a-Lago 'deal'.....'they want a weaker USDollar, they will get a weaker USdollar...




Again, irrespective of what anyone things, this is what the market been doing for while...and what we been talking about for months... debasement, usd decline, GOLD reset, hard assets, government debt ever higher etc... Ole S Hansen on X: "From Gemini: A central goal of the "Mar-a-Lago Accord"—an economic framework proposed by advisors within the Trump administration—is to deliberately weaken the U.S. dollar. The plan is named in reference to the 1985 Plaza Accord, where major world powers agreed to devalue the" / X

















 
 
 

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