|
Whiskey, Coffee, and Wall Street: Understanding This Year’s Market Moves
Wall Street has taken a few punches this year. The launch of DeepSeek has cast doubt on the future of billion-dollar AI spending sprees, and Donald Trump has fired off a fresh round of tariffs at America’s top trading partners.
One might think traders would be reaching for a stiff glass of whiskey—but apparently not. Jack Daniel’s owner, Brown-Forman, is down double digits year-to-date. Maybe they’re opting for coffee instead—Starbucks has been one of the S&P 500’s top performers.
Speaker's Profile Paul De Vierno is the strategist of UOB Kay Hian's Wealth Management team. He has 40 years' investment experience in the capital markets and commodities. Paul held positions in the UK, Geneva, Singapore and the US for the world's largest commodities trading firm. Prior to joining UOB Kay Hian, Paul had managed the Asian office for a US$7 billion private equity fund.
|