Wry & Dry #23-25 The Coronation. Peace in Our Time? All the leaves are black…
The coronation of the Trumpster had many of the features of that of Napoleon:
A decent venue (but not quite like Notre-Dame de Paris)
Crowds of adoring fans (but not as noble, so to speak, as those in Notre-Dame)
High ceremony (but it was surprising that the Trumpster didn’t administer the Oath of Allegiance to himself, as Napoleon took the crown from the Pope and crowned himself)
Some beautifully dressed women (but no hats in Notre-Dame).
In the end, Napoleon’s ambition and arrogance cost plenty. His good deeds were a poor match for his bad.
The Trumpster’s legacy remains to be seen. Wry & Dry wonders what will be his Waterloo.
Strong start to the year, EarlyPay, Chinese AI firm DeepSeek
The ASX market is off to a hot start in January 2025 with a range of themes we noted at the end of 2024 being realised. We remain excited about how the market is set up for calendar 2025; for the first time since 2019, we can see large and straightforward sector dispersion.
This week’s Investment Matters will touch on relevant news items related to the portfolio and macroeconomic conditions.
We also touch on news surrounding Chinese AI firm DeepSeek, and its impact on global markets.