What Trump 2.0 Means for the Markets Dear Reader, This week in The Wide Moat Daily, editor Brad Thomas takes stock of the early impacts of the new Trump administration, gives his view on the seismic shift in AI set off by a Chinese competitor, and shares a few "outliers" in the under-watched area of homebuilders. Read on to catch up on this week's insights from Brad and the team. And in case you missed it, David Eifrig – who most readers will know of as "Doc" – shared a presentation earlier this week outlining a major change for the research he and the team publish. As Brad said yesterday, "When Doc has a big idea, it's worth your time to listen." Get all the details for yourself right here. The Trump Effect, Big Losses at Boeing, and Housing Prices Continue to Climb As a second Trump administration kicks into gear, Brad follows the thread and sees where the "Trump Effect" might most impact the markets. How The Art of the Deal Will Benefit America's Steel Industry On Tuesday, Brad zeroes in on American steel. President Trump has promised to slap tariffs on foreign steel, to the dismay of many. But Brad's not convinced steel tariffs should be feared. Here's what most are missing. Don't Believe Everything You Hear About Nvidia (or Data Centers) In the wake of Chinese AI model DeepSeek, American AI companies are in turmoil. On Wednesday, Brad takes a closer look at Nvidia, which fell as much as 18% on the news. As Brad says, it's a good reminder to "never fall in love with one stock." Make Homebuilders Great Again Will 2025 be the year of falling mortgage rates? The answer so far appears to be "no." With the national average for 30-year mortgages hovering around 7%, aspiring homebuyers might have to wait a little longer for relief. But for investors, it's not all bad news. On Thursday, Brad zeroes in on the homebuilders, shows what a Trump administration could do to boost affordability, and shares several "outliers" in the space primed for upside in the months ahead. My Favorite 'Lifetime Supply' For our Friday edition, analyst Nick Ward shows why too much of a good thing is almost always bad... with perhaps one exception. There is one "lifetime supply sweepstakes" Nick wouldn't mind winning, and every investor should feel the same. You Aren't Looking for the Right Stocks For our Saturday guest issue, we hand the reins to David "Doc" Eifrig, CEO of Wide Moat's parent company and editor of Retirement Millionaire. As Doc puts it, too many investors are looking for the wrong stocks... and the real winners are found in the most surprising of places. Regards, The Wide Moat Research Team | 