Housekeeping: Good Morning.
“The reset is a process, not an event.”
Today
Topic: BRICS Dedollarize Headed into 2025 Summit
Topic Now We know why Trump Went to SA
Market Analysis:
BRICS Dedollarization Watch
According to Goldman Sachs’ valuation-adjusted analysis of preliminary U.S. Treasury data, foreign investors were net purchasers of long-term U.S. securities in March.
Europe recorded net buying across long-term U.S. securities with Norway buying the most.
Mainland China was the largest net seller during the month.
BRICS, Saudi Selling Continues But Europe Was a Buyer
Europe was a net buyer of long-term U.S. assets during the month, while Asia and Latin America posted net sales. The data further highlights the fragmentation within the official versus private investment landscape, where policy motives and market valuations increasingly dictate allocation behavior.
GoldFix Analysis: This behavior determines presidential policy decisions, not legacy media and banking propaganda. You can see also that Trump’s visit to the Saudis was warranted, as any smart negotiator conveys what they are capable of before coming to the table. Never give back in negotiation what you’ve already won in war, kinetic or otherwise’
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Coming Soon:
Data on Deck: THURSDAY, MAY 22
8:30 am Initial jobless claims May 17 230,000 229,000
9:45 am S&P flash U.S. services PMI May 50.8 50.8
9:45 am S&P flash U.S. manufacturing PMI May 49.8 50.2
10:00 am Existing home sales April 4. 12 million 4.02 million
2:00 pm New York Fed President John Williams speech1
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Summary and Final Market Check…
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