The US trade fell, but the markets shrunk from the decline, and the Nasdaq 100 returned to the day levels prior to liberation. Every week, we take it during the last seven days in seven graphics.
1. A negative impression for US GDP growth in Q1
It was reduced to 0.3% in the first quarter of 2025, did not reach expectations of a 0.3% increase and marked the first quarterly contraction since Q2 2022.
GDP was negative for only two reasons:
- Commerce, driven by an import increase before early rates, subtracted 4.83 percentage points of GDP
- The government sector deduced 0.25% of GDP, marking its first negative contribution since 2022
—Conos that represent approximately two thirds of GDP, turn at a modest rate of 1.8%, the slowest rhythm since mid -2023, contributing only 1.2 percentage points to the GDP of the first quarter.
Source: www.zerohedge.com
2. A new historical minimum for the US trade balance in March
According to the United States Census Office, the United States trade balance consisting of exports minus imports reached a historical minimum of -$ 161.99b in March. Exports only saw a modest increase of $ 2.2B, totaling $ 180.8b for the month. On the other hand, there was a strong increase in imports, which rose $ 16.3b to a record of $ 342.7B, driven by a 27.5% increase in consumer goods.
Source: Market ear
3. A lot of noise for nothing?
If you looked the other way for a moment in April, you would never have guessed that the world briefly flirted with what seemed like an existential crisis: rumors of the end of us exceptionalism and more. However, almost incredibly, he has completely retreated his losses of the day after liberation. April was a cervical whiplash inductor for merchants: a maximum drop through 16% in the first week, followed by an impressive rally 18% in the following weeks.
Source: Barchart
4. Only European investors left US actions
The rest of the world, including China, is buying …
Source: Goldman Sachs Global Investment Research
5. Central banks are large gold buyers
In 2024, the Central Bank of Poland emerged as the largest official buyer of a strategic movement that adds to the list of things that the country seems to be doing well.
Source: Michel A.Harauet
6. Is this one of the most important graphics to consider?
As Tavi Costa points out, the increase in AI could only generate a demand for electricity equivalent to adding a complete economy of the size of the USA. UU. In the next five years. An aspect that may not be receiving enough attention is the wide energy consumption gap between the United States and China. If the trend towards ignition accelerates, the United States could face a comparable peak in power needs. Will the sectors probably benefit? Metals, mining and infrastructure stand out as main candidates.
Source: Tavi Costa, Crescat Capital
7. The Iberian Peninsula … cleaned the map of the lights
On Monday, a great blackout spread through Spain, Portugal and parts of southwest France, interrupting life in the main cities such as Madrid, Barcelona and Lisbon.
The blackout affected the houses, the offices, the public transport, the traffic systems, and even stopped the game in the Open tennis tournament in Madrid, taking millions in disorder. Governments and network operators in Spain and Portugal rushed to identify the cause and restoration power.
Source: AFP
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