Trump’s so-called ‘reciprocal tariffs’ have disrupted the global trade landscape, plunging financial markets into a ‘chaotic era.’ From the U.S. and Europe to emerging markets, global stock markets have experienced a rollercoaster of surges and crashes—the Nasdaq plummeted 11.5% in two days, only to rebound over 12% in a single session after Trump announced a 90-day tariff suspension.
Even gold, the king of safe-haven assets, was impacted. Investors sold gold to cover margin calls during the market crash, driving prices below $3,000 per ounce before a sharp rebound to over $3,300, setting new record highs. Trump’s erratic tariff policies have triggered a global sell-off of U.S. stocks, the dollar, and Treasuries—the dollar index fell below 100, hitting a three-year low of 98 on April 21, while the 10-year Treasury yield surged to 4.492% on April 11. Historically, a weaker dollar coincided with lower Treasury yields—a logic Trump favored to reduce debt financing costs and sustain America’s $36 trillion debt. However, this correlation has now diverged: the dollar index declines while Treasury yields rise. Renowned investor Howard Marks described the current state as ‘uncharted territory’ in his latest memo. Indeed, the global trade and financial system is undergoing a restructuring, challenging long-held financial logic and investment strategies, making asset trends increasingly unpredictable. The market’s unpredictability—with too many variables and unanswered questions—demands caution. While money never sleeps, humans are not AI and must balance work with rest. Instead of isolating oneself, why not seek wisdom through travel? On the first weekend after the May holiday, Wall Street Insights invites you to join the ‘Meet·Wild Journey’ Xiamen study tour. Explore UNESCO-listed Fujian Tulou, savor Hakka culture, and network with like-minded professionals for closed-door discussions on asset allocation trends. Notably, Wall Street Insights has invited Kuang Shi, Managing Director of GF Securities Development Research Center and Chief Media Internet Analyst, as a lead mentor for this Xiamen study tour. During the closed-door session, top-tier financial institution guests will share insights on ‘New Strategies for Global Asset Allocation Amid Macroeconomic Games.’ As global macroeconomics and trade enter ‘uncharted territory,’ the accelerated development of AI may be the most certain direction ahead.The performance gap between top Chinese and U.S. AI models has significantly narrowed from 17.5% in 2023 to just 0.3%, nearly erased—a conclusion from the latest “2025 AI Index Report” by Stanford University’s Institute for Human-Centered AI.
During this study tour, Mr. Kuang Shi will deliver a closed-door presentation on the theme “Investment Guide for Chinese AI Applications Under the AI Wave.” He will reveal which industries are best positioned to capitalize on this AI wave and which will benefit most from the era of AI-driven growth. With 13 years of experience as a sell-side analyst, Mr. Kuang Shi has ranked first in the New Fortune Best Analysts list for seven consecutive years (2018–2023) and was awarded the No. 1 Best Analyst and Platinum Analyst by Securities Times & New Fortune Magazine in 2024. To date, nearly 20 high-net-worth individuals, primarily Alpha annual members, have confirmed their participation in the study tour, most of whom are business owners and senior executives in the financial industry. For details about the Xiamen study tour, please refer to the event poster below. Click the poster to register! Xiamen Island, historically known as “Egret Island,” has been an economic hub in southeastern China since the Ming Dynasty and was one of the earliest trading ports with foreign countries. The island and Gulangyu are dotted with historical buildings blending Eastern and Western architectural styles. The Fujian Tulou, a symbol of Hakka culture, is a unique large-scale residential form listed as a UNESCO World Heritage Site. It has appeared in films like “Mulan” starring Liu Yifei, the animated blockbuster “Big Fish & Begonia,” and “The Knot” starring Chen Kun and Li Bingbing, leaving a stunning impression. Interested participants are welcome to bring their families. While you attend the closed-door session and discuss asset allocation trends with Mr. Kuang Shi and other experts, your family can enjoy the scenic beauty of Egret Island, explore the Yunshuiyao Tianluokeng landscape, and immerse themselves in Hakka culture for a delightful weekend. A final reminder: the “Meet·Wild Journey” Xiamen study tour will take place from May 9 to 11. Interested parties can click here to register. For further details, click the image below to consult the Alpha assistant. Risk Disclosure and Disclaimer: The market carries risks, and investments require caution. This article does not constitute personal investment advice nor considers individual users’ specific investment objectives, financial situations, or needs. Users should evaluate whether any opinions, views, or conclusions herein align with their circumstances.Invest accordingly at your own risk.
