🥛 Trump’s Chinese field trip ✈️
AI Summary
Intel is reportedly building chips for Apple, with Intel stock up 5% and having tripled since late March amid the broader AI infrastructure rally. President Trump is traveling to China to meet with Xi Jinping on tech and rare earth elements, accompanied by a cohort of U.S. CEOs. The Senate is expected to confirm Kevin Warsh as the new Fed Chair this week, while U.S. inflation data is also due.
Key Facts
Author Takes
Trump-Xi Meeting Outcome
The author is leaning optimistic on the Trump-Xi meeting, reasoning that both leaders would cancel if they weren't confident it would yield tangible results.
AI Infrastructure as Inflation Hedge
Owning chip factories positions investors to win regardless of inflation because demand for compute is growing faster than inflation.
Kevin Warsh as Fed Chair
Warsh historically prefers lower rates but is walking into a perfect storm of high oil and hot inflation, making his path uncertain.
Contrarian Angle
10-40% Crypto Sleeve in Longevity Portfolios
Ric Edelman argues the traditional 60/40 portfolio is outdated and that a 10-40% crypto allocation fits modern longevity-focused portfolios, replacing bonds as a growth hedge.
Mainstream financial advice caps crypto at 1-5%; Edelman advocates up to 40% — a radical departure from conventional wealth management glide paths.
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