Commentary
The recent disclosure that President Trump owns a lot of AI and data center-related stocks means he will likely do everything in his power to boost the fate of these stocks. Now that the U.S. controls much of the world’s energy supply and military power, the world must rely more on U.S. leadership. Meanwhile, other top economies are struggling. The Wall Street Journal said China’s economy is losing its momentum due to risks associated with energy costs and supplies during the Iran war. Specifically, the Journal said consumer spending in China has fallen to its slowest rate since 2022. Furthermore, the Journal said China’s industrial output, investments, and real-estate sector all showed signs of deterioration.
