From the perspective of macroeconomics, the impact of Trump's coming to power

1. Slow down the interest rate cuts. Trump's policy is a standard strong dollar policy. From his recent impact on the Federal Reserve, we can see that the Federal Reserve suddenly turned hawkish, which means that the future interest rate cuts will not be so radical. It can be seen that the relevant target technology AI will not develop very rapidly, but DeFi and RWA will benefit from high interest rates.

2. Fiscal expansion will continue. Through strong fiscal expansion to make up for monetary policy, continue to impose high tariffs, encourage foreign companies to build factories in the United States to mobilize employment, and at the same time suppress the prices of oil and commodities by ending the Russian-Ukrainian war to reduce inflation.

3. Add tariffs to curb the development of Chinese export companies such as new energy vehicles.

Postscript, if Trump comes to power, AI will no longer be the focus of this round. At present, AI development has reached a bottleneck period. The overdue collapse of the Dutch lithography machine giant is just a trigger. There is no breakthrough on the demand side. At the same time, the interest rate cut that is lower than expected will be the last straw that overwhelms him. However, Trump's promise of weakly regulated cryptocurrencies will be one of the driving factors of DeFi and RWA. After all, he himself has issued WlFi.

Don't buy A-shares, Hong Kong stocks, and US stocks, don't buy houses.

Comments are welcome. . . . . .