Since the beginning of Donald Trump's second presidential term on January 20, 2025, global stock markets have experienced varied performances. Germany's stock market has been the best performer, rising by over 12% before a recent dip, while Japan's market has seen the steepest decline, dropping by approximately 16.5%. The US and Japan's markets have both seen declines nearing 10%, with a sharp downturn observed across global markets in late March. In the United States, major indices have also faced significant losses, with the S&P 500 down 14% and the Nasdaq 100 falling by 17%. Other global markets, such as the MSCI World Index and China's CSI 300, have also reported declines of 14.7% and 11.2%, respectively. Canada's market and the FTSE100 have also reported losses, with the latter down by 3.1%. Gold has emerged as a strong performer, gaining between 10% and 18% year-to-date, while Bitcoin has declined by 14% to 15.3%. Other assets, such as US Treasuries and bonds, have shown modest gains, with long-term treasuries up by 7%. Silver, however, has declined by 3.6%.