Group 1 - Michael Hartnett's prediction of "buy on news, sell on facts" has been validated, with the S&P 500 rising 5% since last Friday [1] - Hartnett's focus has shifted to the next major trend, identifying the worst and best-performing assets year-to-date: Oil (-12%), Gold (+21%), Russian Ruble (+41%), and Polish stock market (+28%) [2] - Key indicators to watch include the 30-year U.S. Treasury yield at 5%, the DXY dollar index at 100, and the SOX semiconductor index at 5000 [3] Group 2 - The market sentiment is currently extremely exuberant, but there is a possibility of a pullback once the details of any agreements are announced [4] - Hartnett's long-term investment strategy is based on three pillars: a weaker dollar, peak U.S. Treasury yields, and a recovery in the Chinese economy [7] - Recent fund flows indicate a significant net inflow into U.S. equities amounting to $19.8 billion, with notable inflows into stocks ($25.2 billion) and bonds ($13.1 billion) [9] Group 3 - Year-to-date fund flow trends show gold is on track for record annual inflows of $85 billion, while U.S. equities may see inflows of $416 billion, the second-highest on record [10][11][13] - The Bull & Bear index remains at 3.6, indicating that market sentiment has not yet shifted from bearish to bullish [23] - A significant warning signal is present as 84% of the MSCI global index components are above their 50-day and 200-day moving averages, indicating an overbought market [26] Group 4 - Hartnett highlights the importance of U.S. fiscal and monetary policy changes, predicting a shift from aggressive stimulus to fiscal tightening by 2025 [28] - The geopolitical landscape is evolving, with the "Riyadh Agreement" potentially impacting U.S. energy prices and inflation [32] - Hartnett emphasizes that future market trends will be heavily influenced by bond yields, which will determine the effectiveness of U.S. populist policies [37]

Group 1 - Poland's main stock index WIG has risen by 28.6% this year, significantly outperforming the S&P 500's 1% increase, making it one of the strongest markets globally [1] - The strong performance of the Polish stock market is attributed to its relative independence from global trade wars and expectations of benefiting from Germany's substantial fiscal stimulus plan [3][5] - The current price-to-earnings ratio of Polish stocks is 15% lower than that of the MSCI Emerging Markets Index [4] Group 2 - Poland's economy showed strong resilience, with a year-on-year growth of 3.8% in Q1 2025, making it the second-fastest growing country in the EU, behind Ireland [6] - Analysts expect an average earnings growth of about 10% for companies listed on the Warsaw Stock Exchange in 2025, with financial services companies increasing dividends after record profits [6] - The release of previously frozen EU funds for infrastructure and energy transition projects is providing additional momentum for the Polish market [7] Group 3 - Investors are closely watching the presidential election on June 1, where the outcome could significantly impact investor confidence in Polish assets [8][9] - The potential victory of the pro-EU candidate Donald Tusk could enhance investor confidence, while a loss may raise concerns about Poland's reform trajectory [9] - Emerging markets, including Poland, are becoming a focal point for global investors, driven by expectations of a weaker dollar and a potential peak in U.S. bond yields [9]

Group 1 - Michael Hartnett's prediction of "buy the rumor, sell the fact" has partially materialized, with the S&P 500 index surging 5% following the announcement of a trade agreement framework [1] - Hartnett identifies the best and worst performing assets for 2025, with oil expected to decline by 12% and gold projected to rise by 21% [1] - Key levels to watch include a 5% yield on 30-year U.S. Treasuries, a 100-point level on the dollar index, and a 5000-point level on the Philadelphia Semiconductor Index (SOX) [1] Group 2 - A potential combination of rising bond yields and a declining dollar could lead to a sell-off in U.S. equities, with 5% yield seen as a critical threshold [2] - Emerging market stocks are predicted to be the core engine of a new bull market, supported by a weaker dollar, peaked bond yields, and a boost from the Chinese economy [2] - The "Riyadh Agreement" driven by Trump is key to lowering oil prices, facilitating increased production from Saudi Arabia and Russia in exchange for sanctions relief [2] Group 3 - Hartnett warns that bond yields will reveal the ultimate outcome of U.S. policy, with a preference for a scenario of declining yields and deflation by 2025 [3] - The removal of the AAA rating by Moody's has cast a shadow over the long-term bond market [3]