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(Bloomberg) -- European bonds slipped and shares in defense companies rallied on the likelihood of greater military spending, which could force governments to step up borrowing in the coming years.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityPrices for

Donald Trump has so far sent comparatively fewer market-moving social media posts since being re-elected than during his first term in power, a study by U.S. investment bank JPMorgan has estimated. The bank's analysts found that only 10% of the 126 posts Trump had published this time around on sensitive topics such as trade tariffs, foreign relations and economics had caused clear currency market moves. "Among the different topics, the posts on tariffs have been the biggest market movers," JPMorgan's note published on Monday said, adding that closer to a third of those ones had been market moving.

(Bloomberg) -- Investors sold European bonds and bought defense stocks on speculation a meeting in Paris between the bloc’s leaders will point toward higher spending on the continent’s security. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe German 1

Personal health and wellness is one of the many secular tailwinds for healthcare companies. But speed bumps have persisted in the wake of COVID-19 as players destocked inventories in 2023 and 2024. This has weighed on the returns lately as the industry has pulled back by 1.7% over the past six months, a noticeable divergence from the S&P 500’s 9% return.

Semiconductors are the silicon backbone of the digital revolution. Demand for chips is variable though, meaning that corporate inventory levels and sentiment can significantly impact the industry. Uncertainty surrounding these factors has hurt semiconductor stocks over the past six months as they have pulled back by 7.5%. This drawdown is a far cry from the S&P 500’s 9% ascent.

Most consumer discretionary businesses succeed or fail based on the broader economy. Lately, it seems like demand trends have worked in their favor as the industry has returned 15.5% over the past six months, outpacing S&P 500 by 6.6 percentage points.

Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the industry’s six-month return of 5.7% has fallen short of the S&P 500’s 9% rise.