4 charts show that the shaky start from Wall Street begins to 2025 when the global markets rise

• The US stock indices are in red this year because President Donald Trump's economic policy weighs the mood.
• The markets in Europe and Asia have increased to defense spending plans or Chinese Ki hype.
• Investors have unloaded US shares in favor of Haven's assets such as gold and silver.

It seems that investors were wrong with regard to the second term of US President Donald Trump.

Instead of the Trump trading markets, his rapidly changing economic and trade policy has sent us the activity of the stock markets since the inauguration in January.

It does not help that Trump and his officials have signaled a higher tolerance for market volatility than during his first term. The investors are looking for cover and increase the stock markets elsewhere in the world.

The S&P 500, the Nasdaq Composite and the Dow Jones Industrial Average have all withdrawn this year – a strong contrast to stock markets in Europe and Asia.

The Euro Stoxx 50 Index, Germany's Dax Index and the Great Britain FTSE 100 have all increased by a massive defense and government expenditure plan from Germany and other European countries.

Asia is also up. The Hong Seng Index from Hong Kong has increased by 20% in Chinese artificial intelligence, which is driven by Deepseek's newest AI model and similar publications by local players.

This rotation marks a shift over the past decade of the US equity outperformance compared to the rest of the world.

The rally in ex-US shares is not just a rotation of American assets due to Trump's policy policy. As Business Insider reported last summer, cheap economic conditions and cheap ratings in the rest of the world also play in the shift.

“The consensus was not only too bullish about the United States, it was also too bearish,” wrote Dario Perkins, economist at Globaldata.ts LombardPresent In a Monday note.

Tech shares are an outstanding place in the US market program.

The “Magnificent Seven” technology shares in the United States were almost general due to market sales. Tesla had a uniquely bad time with stocks after the end of Monday, partly due to concerns about the leadership of Elon Musk. In the meantime, Apple has dropped by around 15%, and the Google Parent Alphabet has dropped by more than 13%.

In Europe, however, some large contractors win after massive government spending plans. The shares of the German industrial divider Thyssenkrupp and the Rheinmetall defense company have doubled this year.

In Asia, the AI ​​hype has triggered a Chinese Tech share back rash from a long break in a break-in, which was triggered by a state-supported procedure and an economic downturn. The personal confirmation of the Chinese guide Xi Jinping In the past month gave the prices an additional thrust.

The Chinese e-commerce giant Alibabas share rose by more than 60%for this year at the end of Monday. Tencent and JD.com rose by 26% and 24%.

US billionaires were not spared by the assets because their stock stocks lose the value.

The 10 largest losers of the assets this year include several top-class tech executives. Elon Musk, CEO von Tesla, had dropped Millionaires Index on Friday by $ 122 billion. The Larry Ellison of Oracle and Jeff Bezos from Amazon had dropped around 23 billion US dollars or $ 20 billion.

The biggest wealth winners are led by Warren Buffett from Berkshire Hathaway, one of almost 19 billion US dollars, and Tikkok investor Jess Yass.

Chinese managers, including Xiaomi founder and CEO Lei Jun, Bytedance founder and ex-CEO Zhang Yiming, Tencent-CEO MA Huateng, and the founder and CEO of BYD, Wang Chuan-Fu, also made the top 10 gainer.

Shares from foreign are not the only winners from the US market.

Investors have also covered in several “Haven” assets, some of which deal with modest ratings and tend to be better off in recessions than expensive, speculative assets.

The US dollar index has fallen by almost 5% compared to a basket of other global currencies, which reflects the concerns regarding the slowdown of the US economic growth and a greater certainty of investors, since the Trump administration pursues a comprehensive tariff policy.

Bitcoin has also dropped by more than 10% and West Texas Intermediate Rohs has been awakened by about 6%.

On the other hand, the prices for precious metals gold and silver have risen well over 10% this year. Your winnings also contributed to a jump in copper prices.

US turbulence could spread worldwide

Despite the rally in the global markets, analysts are careful when describing it as a sustainable run. The US economy – the largest in the world that makes up about a quarter of global GDP – could dive and the markets have an impact far beyond its borders.

Percins of Globaldata.ts Lombard said that the outperformance in global shares could continue if the economic situation in the United States did not deteriorate too much.

“There is a fine border between global investors who shift capital from the USA to the rest of the world, against the background of OK-ISH growth in the USA and a general risk-off step that sends all risky assets lower,” wrote Perkins. “Don't make a mistake – a US recession would be reflected in the whole world.”