From stocks to dollar, Trump’s golden age does not start

When Donald Trump was sworn as 47th President of the United States, he proclaimed Dawning of a New “Golden Age”.

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

Those who took it seriously, however, and loaded with the US and dollar resources, have been disappointed, as well as treasure buyers, who have even seen the state of the North -American debt shelter questioned.

Instead of the new administration that dismisses the Economic and the United States Mercat, with a tax cut and deregulation, a fee and geopolitical uncertainty has generated some of the most extreme changes in the market in recent history.

North -American stocks, who started Trump’s second term, near records, are on their way to their worst post-inaginal fall Ever since Gerald Ford took office in 1974. The dollar, also reviewing the 1970’s, has become more and more weakened since the United States left the Golden Norm more than 50 years ago.

The highlights of the market? Gold, the last safe shelter, has increased a record, while Bitcoin, although this year has greatly decreased in post -election gains on optimism for favorable policies in Crypt under Trump.

Here is a market look per market in the first 100 days of Trump:

Stock

Despite recent stability, the S&P 500 index has dropped by about 8% since its inauguration and pace for its worst career during the first 100 days of the President from President Ford in 1974, after the resignation of Richard Nixon.

Is a turn in u Few in Wall Street arrived After two consecutive years of more than 20% of earnings and what was expected to be a pro-marked agenda. Instead, the markets turned wild when Trump gave the rates to all countries where North -American companies operate, and then suspended some exceptions for certain industries and stepped on the trade war with China.

Interruptions, combined with the aggressive administration’s push to deport employees without documentation and their massive federal employees, Noedos investors, and sent the S&P 500 turning to their Seventh fastest correction Since 1929.

“It was an extreme systematic risk for texts, in its purest form,” said Mark Malek, Siebert’s investment director. “Volatility has been totally different from anything we have experienced in the past, and it spread indiscriminately by all sectors and classes of assets such as a fire, constantly fed by random sound bites and changing policy movements.”

Crypto

Bitcoin, the star of the Trump’s Presidential Campaign, has struggled to maintain his impulse.

Despite early enthusiasm, the largest digital asset has dropped more than 7% since Trump’s inauguration, even after the main victories of politics for the largest industry, according to data collected by Bloomberg.

Trump pledged to the campaign court to ensure that all the remaining bitcoin is “manufactured in the USA” and to establish a Bitcoin reservation. The president was once a crypto-skettic, but became a burning supporter during the election, as digital assets organizations increased his involvement in United States politics through important political donations.

“Trump campaigned on a pro-crypt platform and has been largely delivered,” said Richard Galvin, co-founder of the DACM Cover Coverage Fund, saying that friendly regulators have been installed in key functions, while the Securities and Exchange Commission has beenfallCases of prominent crypto.

Bitcoin prices are even more than 30% higher than pre -election levels. “The market was fast at the price of the Pro-Crypt environment in November, but since then it has been a bit in captivity for the weakness of equity and the broader good good market as fare policies were announced,” said Galvin.

North -American Dollar

The North Dollar Index -American has lost about 9% since Trump returned to the White House, launching it by the largest loss until the end of the month since the early 1970’s, when the United States left the golden rule and let the dollar fleet freely.

The first 100 days of the President in the post of recent decades have been marked by force in the currency, with returns of about 0.9% between 1973, when Nixon began his second term and in 2021, when Joe Biden took office.

Under Trump, the $ 7.5 million exchange market has been assaulted by U -rates and social media publications. All the other important coins followed by Bloomberg have won against the dollar since the inauguration, directed by the Swedish Krona, the Swiss franc and the euro.

Even the Mexican weight and the Canadian dollar have been strengthened before the US currency since January 20, with the most aggressive commercial threats of Trump temperate for delays and negotiations.

United States Treasurers

The most dramatic movements of the decades devastated the $ 29 million treasure market over the past 100 days.

The treasury met, sending the performance in notes of ten years to 3.86% in early April after Trump announced a wide set of rates to almost all trade members in the United States and promoted the demand between investors for Hans.

But this appetite quickly evaporated as fear spread to Wall Street that the evolving trade war would send the United States to a recession, causing investors to sell treasury. The reference rate published his Greater Weekly Increase Since 2001, touching 4.59%.

The changes in the market, also fueled by the expenses of Trump against the President of the Federal Reserve, Jerome Powell, have called into question the quality of the treasure refuge, which have long been seen as the “risk” asset of the world. Government debt is used as a reference to determine the price of everything, from shares to sovereignist obligations and mortgage rates, while also serve as a guarantee for trillions of dollars of loans a day.

Credit

Credit markets were initially exuberant when Trump was elected. In November, the risk of the blue chip’s corporate debt in the United States came to their lower levels Since 1998, this has been short -lived, after Trump’s rates increased debt markets in the worst merger from pandemic.

The days following the tariff ads of April 2, risk calibers in the U.S. and Europe corporate bonds market head To the maximum, from the regional banking crisis and the failure of Credit Suisse, in March 2023. The additional performance on the good government that investors demand to celebrate good junk. The worst wear Since March 2020.

Businesses were effectively found outside the United States Debt Markets For daysBond prices fell, negotiation costs Increased and a Bloomberg news of the amount of debt in trouble worldwide swollen The maximum in at least 15 months.

The route was so serious that he asked some to ask what would be needed for the Fedintervene.

A 90 -day pause on the rates is giving the good headlines. Borrowers of all kinds: of some of theMajor banksIn Wall Street, the world’s largest retailer, they have been able to make a partial rescue to increase the debt quickly while the window is still open.

In the lever and lever markets, many transactions have been left and the benches have been stuck5.7 billion dollars of“Hanging” loans. But in recent days, signs have appeared that investors are still ready to risk -with a group of bankssuccessfully saleApproximately $ 1.23 million of loans linked to the purchase of x holdings corp., formerly known as a Twitter.

Oil

Oil has fallen and an dark economic perspective that led to the fare war has played a great role.

At the same time, the organization of oil exporting countries and its allies have begun to restore the supply in an apparent aspect to cling to the nations that have been deceiving the output fees.

Brent Futures, which lowered $ 58.40 to the barrel in early April, is now quoting about $ 65.

Before Trump came to office, they were slowly below $ 81. It is important to note that the weakest oil will help Trump’s pre -election promise to reduce inflation and to reduce fuel prices.

Gold

One of the few assets to benefit from the crisis is Gold, which has established 28 new highs since Trump won power in the November 5 election. Records initially began to decrease, as traders worried that Trump’s tariffs would be taken into account, with an increase in U.S. gold future that help increase worldwide prices as traders as traders. guided To move to boil to the United States before any taxes were imposed.

That trade stopped when gold was given chop. But after briefly falling as the world markets demolished, the Bullion rally soon passed to Overdrive, as its proven credentials of time, as a refuge asset increased at the helm. Prices exceeded just over $ 3,500 at the beginning of this month, and even after a decrease in the last sessions, gold now rivals the S&P 500 as one of the leading best assets in the world for the last five years.

This story originally presented to Fortune.com

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