🚀 Trump's "Warrior Dividend"

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Market Overview
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Year To Date Performances:

1. In a rare primetime address, President Donald Trump announced a $1,776 "warrior dividend" to be sent to 1,450,000 U.S. military service members, a $2.5 billion initiative he claims is funded by his administration's sweeping tariff collections. The speech, delivered amidst 66% public disapproval of his handling of inflation, saw Trump doubling down on his "A plus plus" economic self-assessment by predicting a record-breaking 2026 tax refund season, while simultaneously escalating geopolitical tensions through a "complete and total" blockade of Venezuelan oil tankers and claiming a near-total victory over sea-based drug trafficking—rhetoric that Democrats dismissed as a distraction from the skyrocketing cost of living fueled by the president’s own protectionist trade policies.

2. British oil giant BP has appointed Woodside Energy chief Meg O’Neill as its next CEO, marking the company’s fourth leader in just six years. The move signals a definitive, "back-to-basics" retreat from its once-ambitious green energy transition. O’Neill, an ExxonMobil veteran who officially takes the helm on April 1, replaces Murray Auchincloss, who stepped down after less than two years spent reversing the renewable-focused strategy of his predecessor, Bernard Looney; this leadership carousel comes as investors continue to pressure the underperforming major to prioritize its high-margin oil and gas core—specifically liquified natural gas (LNG)—amid a broader market rotation away from the climate-centric pledges that have seen BP lag behind its peers for over a decade.

3. The explosive market debuts of Chinese chipmakers MetaX and Moore Threads, which saw IPO surges of 700% and 400% respectively, signal a massive, state-aligned pivot by Chinese investors to fund homegrown alternatives to Nvidia amidst tightening U.S. export restrictions. While domestic giants like Huawei, Baidu, and Alibaba have yet to produce silicon that rivals Nvidia’s most advanced processors on a chip-by-chip basis, they are rapidly gaining ground by linking mid-tier processors into high-performance "clusters" and dominating the domestic "inference" market; this surge in capital, punctuated by Cambricon’s 4,000% revenue growth and Biren Technology’s pending IPO, underscores Beijing's aggressive march toward a self-sufficient AI ecosystem that aims to render Western sanctions irrelevant by sheer scale and "good enough" sovereign technology.

   Headlines

   1. Chinese PE firms are buying stakes in US fast food companies at an accelerating rate, now owning shares of companies ranging from Starbucks to Burger King.

   2. Mining executives warn that copper prices are likely to continue rising despite reaching record highs.