All right, let's broaden out the conversation. Talk a little more about what Jerome Pal's comments could mean for the markets, really the currency markets. Bring in Yens Nordvig.He is CEO and founder of Exxante Data. Yens, good to have you on the program. Thank you.You know what else has happened. No. What.Besides your your Swiss yields. The dollar has collapsed against the Euro. It's been one of the most rapid moves of the US dollar in in months.What is that telling you. So the this year has been extraordi ...

4 June 2025 | 5:01AM BST Strategy Espresso: Section 899 and European Equities: Navigating Risks, Unlocking Flows The "One Big Beautiful Bill Act" extends the 2017 tax cuts and introduces new tax and spending measures. While US equity markets may benefit in the short term — particularly from CAPEX and R&D — one of the most consequential provisions for global investors is Section 899. Section 899 introduces retaliatory tax measures against non-US individuals, corporations, and governments from countries that ...