Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website discusses the high risks associated with cryptocurrencies and CFDs, highlighting that they are complex instruments with a significant potential for financial loss [1]. - It encourages users to conduct their own research and fully understand the workings and risks of any financial instruments before investing [1].

Financial Performance - Elevance Health reported an adjusted EPS of $3.33 for Q4 2025, exceeding estimates of $3.10, but operating revenue was $49.31 billion, slightly below the estimated $49.81 billion, and medical membership was 45.23 million, short of the estimated 45.36 million [2] - Danaher Corporation achieved total sales of $6.84 billion in Q4 2025, surpassing the estimated $6.79 billion, with an adjusted EPS of $2.23, outperforming the $2.16 estimate [3] - ASML noted a normalization in sales to China, with expectations for China's sales share to decrease to approximately 20% in 2026 from 33% in 2025 due to export restrictions, despite recording record orders in Q4 2025 [5] Guidance and Outlook - Elevance Health's guidance for 2026 adjusted EPS is projected to be at least $25.50, which is below the analyst consensus of $26.99 [2] - Danaher's 2026 adjusted EPS guidance is set between $8.35 and $8.50, aligning with the analyst estimate of $8.46 [3] - ASML raised its 2026 revenue guidance driven by strong global demand for AI-related chips [5] Analyst Ratings and Market Sentiment - Morgan Stanley upgraded RTX to a top pick and raised its price target from $215 to $235, indicating increased analyst optimism regarding the company's future performance [4]

Economic Indicators - The US added 50,000 jobs in December, falling short of economists' expectations of approximately 70,000 positions [3] - The unemployment rate decreased to 4.4% from 4.6% in November, reflecting a stable labor market theme of "no-hire, no-fire" [4] Market Reactions - US stocks showed a slight upward trend, with the S&P 500 increasing nearly 0.2%, the Dow Jones Industrial Average rising 0.3%, while the Nasdaq Composite remained roughly flat [1] - All three major indexes are on track to close the first full week of 2026 higher [1] Tariffs and Trade - The Supreme Court is expected to rule on the legality of President Trump's tariffs, which could have significant implications for US economic strategy and global trade [5] - The ruling will determine whether Trump properly invoked a law meant for national emergencies when imposing global duties [5] Government Actions - President Trump directed Freddie Mac and Fannie Mae to purchase $200 billion in mortgage-backed securities to lower mortgage rates and address affordability concerns [7] - The details surrounding this plan remain unclear, leading to market assessments of potential fallout [7] International Developments - The US is reassessing its approach to Venezuela, with Trump canceling a second wave of attacks in favor of cooperation on rebuilding the country's energy infrastructure [6] - A meeting has been called with global oil majors to discuss the future of Venezuela's significant oil reserves [6]

Core Insights - Supply chains were primarily designed for volume movement rather than addressing complex questions [1] Group 1 - The traditional focus of supply chains has been on efficiency and volume rather than strategic problem-solving [1]

Core Insights - Markets tend to overlook infrastructure until it becomes a pressing issue, a trend currently observed in sustainability, compliance, and global trade [1] - The shift from claims to verification indicates a growing demand for accountability and transparency in these sectors [1] - Trust is increasingly being replaced by proof, highlighting the importance of evidence-based practices in business operations [1]

Summary of Global Economics Conference Call Industry Overview - The report focuses on the global economy, highlighting resilience in various sectors, particularly manufacturing and services, as indicated by recent Purchasing Managers' Index (PMI) readings [1][4]. Key Points Economic Resilience - The global economy continues to show impressive resilience, with manufacturing and services PMIs recently posting readings toward the upper part of their historical ranges [1][4]. - Global trade indicators are recovering from the impacts of tariffs, with solid export volumes reported through September [1][4]. Trade Dynamics - Despite signs of "payback" from US frontloading in trade data, global exports remain robust. The PMI for new export orders to firms outside the US rose above 50 for the first time since April [1][4]. - Anticipation of further payback from US front-loaded spending is expected to create manageable headwinds for global trade, which are not likely to disrupt global growth significantly [1][4]. PMI Insights - The global composite PMI indicates expansion, with specific readings showing: - Manufacturing PMI at 50.5, indicating stability [5][7]. - Services PMI at 53.3, suggesting growth in the services sector [7][9]. Future Outlook - The report suggests that while there are potential headwinds from US spending patterns, the overall outlook for global growth remains positive, with manageable risks anticipated [1][4]. Additional Important Insights - The report includes various figures and charts that illustrate trends in global manufacturing, services, and trade, providing a comprehensive view of the economic landscape [5][11][12]. - The analysis emphasizes the importance of monitoring global economic indicators to identify potential investment opportunities and risks [1][4]. This summary encapsulates the key insights from the conference call, focusing on the resilience of the global economy, trade dynamics, and future outlook, while also highlighting the importance of economic indicators in investment decision-making.

Global Trade Landscape - The old order in global trade is dead [1] - The report highlights three features of the new world order in global trade [1]

Market Trends - Traditional global trade and security alliances are breaking up [1] - Central banks are starting to replace some of their dollar reserves with gold [1] - This shift is argued to be driving the precious metal rally [1]

US National Security Strategy - The US National Security Strategy criticized Europe for undermining 'political liberty and sovereignty' [1] - The strategy de-emphasized the threat from Russia [1] - The strategy reframed America's competition with China [1] - The strategy prioritized influence over the western hemisphere [1] Geopolitical Implications - The report discusses the potential impact of the new US strategy [1] - The report questions how Europe should react to this shift from the US [1] - The report considers whether Trump is handing China global influence [1] Financial Times Resources - FT offers a daily selection of journalism through FT Edit, with a trial period and subscription fee of £4.99 per month [1] - FT provides free access for students meeting eligibility requirements [1] - FT offers a £1 trial subscription [1]

Global trade is going onchain.@blockticity and ASTM have introduced a new global trade standard to quickly verify tracking and authenticity of global supply chain, ASTM D8558.Powered by Avalanche🧵: https://t.co/GLeOAXLXDE ...