Trump’s policies continue to cause significant disruption to the markets. American economic output is declining, and the country is threatening to slide into recession. Trump himself, of course, blames the Biden administration for the mistakes. After several blunders, his security chief has now also been forced to leave. As with Trump 1.0, things remain turbulent, and there’s not a dry eye in sight. His next change of heart was again on the Ukraine issue, reflecting on the many things that come with the death of a pope. First, they were mortal enemies, and now, after a brief conversation in St. Peter’s Basilica, Putin is once again the bad guy. Of course, Trump is celebrating this as his victory; after all, he now has access to Ukraine’s rare earths without any security guarantees. All in all, Trump is drifting from the most powerful office on earth to a laughing stock, but unfortunately, he’s still in control.

The markets also seem to be less than serious about him; after severe losses in recent months, they are now beginning to recover.

Gold, on the other hand, is saying goodbye to its highs. Capital has flowed back into the stock markets – investors are slowly leaving the safe haven.

Our investment has also weathered the fluctuations quite well.

Let’s hope that market participants focus more on reality and less on Mr. Trump’s dreamland.