insurance companies don't have access to fed's windows but obviously they hold more long term treasuries that those of banks. Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling https://www.bloomberg.com/news/feat...hreatens-7-5-trillion-bet-on-us-dollar-assets Taiwanese life insurers — which were in effect recycling the trade surplus earned from the island’s semiconductor exports to the US — had posted a $620 million loss in April from the market volatility triggered by Trump’s tariffs. Goldman Sachs Group Inc.’s analysts estimated that a 10% appreciation in the Taiwan dollar could lead to $18 billion in unrealized currency loss for insurers, wiping out capital reserves.
They had this move two weekends ago: a 10% swing from Friday (closed in TW) to Monday (closed in London), if I recall correctly, on a rumour that their exchange rate was part of a trade deal with the US (which they denied).
Prez Chump has manipulated the mkt more in 4 months than any former prez did in 8 yrs . He’s pissed as hell because he can’t bully the fed . Come June 2026 when Powell gone i fully expect Chumps puppet Fed head to cause a massive monetary crisis as he’s instructed to lower rates . Mr Chump will find out the mkt punishes manipulated monetary policy
Guy is a Narcissist disregard for other businesses and people. All he know is how to manipulate people to achieve his goal. When Charlie Munger was alive he predicted somehow US people would vote him back to office and its going to be bad for the world.
Or 1000% tariff on penguins, who knows these days? Edit: but it doesn't seem like it's Nvidia, it didn't even move