Reward 500 Tiger-coinsTrump officially wrapped up his China visit. The summit outcomes focused on energy and agricultural purchase frameworks, with zero announcement on easing chip export restrictions.
But the real thing worth watching today isn’t the summit communiqué — it’s the simultaneously revealed Trump holdings disclosure: 3,642 trades within just Q1 alone, with estimated total trading volume between $220 million and $750 million, averaging 58 trades per day.
Trump’s portfolio aligns with the three policy themes: AI infra, financial deregulation, and fiscal stimulus.
Large-scale sells ($5M–$25M per trade): $Microsoft(MSFT)$ , $Amazon.com(AMZN)$ , $Meta Platforms, Inc.(META)$
Large-scale buys ($1M–$5M per trade): $NVIDIA(NVDA)$ , $Apple(AAPL)$ , $S&P 500(.SPX)$ index funds
New positions: $Broadcom(AVGO)$ , $Oracle(ORCL)$ , $Synopsys(SNPS)$, $Cadence Design(CDNS)$, $Texas Instruments(TXN)$
Financial exposure includes: $Goldman Sachs(GS)$ , $Bank of America(BAC)$, $Citigroup(C)$, $Morgan Stanley(MS)$, $Wells Fargo(WFC)$, as well as multiple municipal bonds.
He sold cloud/software and rotated into AI hardware infrastructure, semiconductor design tools, and financial deregulation beneficiaries. AVGO/SNPS/CDNS represent the core EDA and chip design toolchain behind the shift from GPUs toward customized AI ASICs.
The filing also shows positions in $SanDisk Corp.(SNDK)$ (up over 3960% YTD) and $DDOG$, with most positions already up more than 100%.
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“Unsolicited”? Still controversial.
Back in February, Trump bought $Dell Technologies Inc.(DELL)$
Months later, during a White House event, he publicly thanked the Dell family and told Americans: “Go buy a Dell computer, it’s really great.” $DELL$ surged +12% that day.
Meanwhile, the Dell family had donated $6.25 billion to a Trump-linked policy initiative last December.
Most of the large trades in the filing were labeled “unsolicited” (broker-initiated without direct presidential instruction) — essentially a legal shield. The White House also stated the assets are held in trusts controlled by his children and cleared through federal ethics review. But the controversy around information asymmetry won’t disappear because of that label.
Morgan Stanley turns bullish: $S&P 500(.SPX)$ 8300 target.
Morgan Stanley chief strategist Wilson raised his 12-month S&P 500 target to 8,300, with a bull-case scenario of 9,400 — the highest among major Wall Street firms.
Markets are starting to watch valuation risks: P/E ratios near historic extremes.
Shiller P/E: 42.05 — historically only exceeded right before the 2000 dot-com crash. Back then, GDP growth ran above 4% for years and federal debt was under $6 trillion. Today, debt is approaching $40 trillion, while roughly 70% of GDP growth is tied to AI-related spending.
What’s your take on Trump’s portfolio rotation?
Trump is selling software and buying hardware — would you follow that logic? Or is the presidential portfolio disclosure itself the biggest trading signal?
Morgan Stanley SPX 8300 vs. Shiller P/E 42 — do you believe the EPS growth story can continue supporting the market, or are we already planting the seeds of a structural bubble?
Leave your comments to win tiger coins~
Comments
Large-scale buys ($1M–$5M per trade): $NVIDIA(NVDA)$ , $Apple(AAPL)$ , $S&P 500(.SPX)$ index funds
New positions: $Broadcom(AVGO)$ , $Oracle(ORCL)$ , $Synopsys(SNPS)$, $Cadence Design(CDNS)$, $Texas Instruments(TXN)$
Financial exposure includes: $Goldman Sachs(GS)$ , $Bank of America(BAC)$, $Citigroup(C)$, $Morgan Stanley(MS)$, $Wells Fargo(WFC)$, as well as multiple municipal bonds.
But the real thing worth watching today isn’t the summit communiqué — it’s the simultaneously revealed Trump holdings disclosure: 3,642 trades within just Q1 alone, with estimated total trading volume between $220 million and $750 million, averaging 58 trades per day.
Long term I believe in the EPS growth story but I believe the market has currently overpriced it when concrete returns have not been demonstrated. The future prospects might be inflated. Typically, P/E and growth prospects do commensurate and market is forward looking and price that in. Given the current performance, I do fear that in the short term, the risk of a structural bubble is great and all investors need to manage this potential risk with appropriate portfolio management. @DiAngel @HelenJanet @LuckyPiggie @Fenger1188 @SPOT_ON @Kaixiang @Success88 @Wayneqq @Universe宇宙 @SR050321 come join
The hardware tilt is directionally right but late. AI bottlenecks still sit in chips and networking, benefiting names like NVIDIA and Broadcom. However, much of that upside is already priced in.
On Morgan Stanley SPX 8300 vs Shiller P/E ~42: earnings growth is real, but expectations are stretched.
View:
Not a full bubble yet
Early excess forming
Upside remains but fragile
Focus on selectivity, not broad chasing.
The hardware tilt does reflect reality: AI bottlenecks sit in GPUs, memory, power, and networking. That is where pricing power is strongest today. Software monetisation is lagging as enterprises still test ROI.
But following that blindly now is late-cycle behaviour. Much of hardware is already priced for near-perfect demand.
On SPX 8300 vs Shiller P/E ~42: the EPS growth story is real, but expectations are stretched. At these valuations, markets need sustained high growth with minimal disruption.
Base case: not an immediate bubble pop, but conditions are forming. Upside remains, downside risk is asymmetric. Selectivity matters more than direction.