2.25.26 - State of the Union

It's nothing new, but it's deeply counterproductive at a time when serious financial challenges demand unified action.

Economic realities don't care about political affiliation; they impact every American. These three articles highlight exactly what’s unfolding now, and the direction we’re heading.

Latest Update On US Assets, US Dollar, Gold & Silver: What's Shifting? -Watcher.Guru

The US markets are currently experiencing a new wave of volatility, with the US assets, the US dollar, gold, and silver shifting their momentum to match the current market pace. Gold and silver are preparing for a new rally, as the Supreme Court reverses Trump's tariff decisions, sparking a new row of geopolitical uncertainties. What is the latest update on the US assets, USD gold, and silver? Which of the assets are rallying, and which are the ones having a hard time ahead? Let's explore.

Per the latest post shared by the Kobeissi Letter on X, the foreign ownership in the US assets has now been peaking at a new high. Global holdings of US financial assets have now surged by 13.6% YoY in Q3 2025 to a record $64.1 trillion. These holdings have now doubled since 2018, signifying the population quotient of the US assets abroad.¨

"Foreign ownership of US assets has never been higher. Global holdings of US financial assets jumped 13.6% YoY in Q3 2025, to a record $64.1 trillion. Holdings have DOUBLED since 2018 and have grown at a +9.3% compounded annual growth rate (CAGR) since 2015. At the same time, the US net international investment position fell 11.2% YoY, to a record -$27.6 trillion in Q3 2025."