$RHM (-4.16%)
#meme
#memes
#humor

+2.895% Nvidia 🧠

+2.697% Rheinmetall 🧨

+1.418% Broadcom 💻

+1.392% Ethereum 📈

+1,201% Bitcoin 🚀

+1.059% Mitsubishi Heavy Ind. 🇯🇵

+974% Tesla 🚗

+940% Micron 💾

+933% Crowdstrike 🦅

+828% Commerzbank 🏦

+695% Applied Materials 🪞

+685% Hochtief 🚧

+682% Unicredit 🇮🇹

+646% Axon Enterprise 👮

+626% Caterpillar 👷

+569% Eli Lilly 💊

+521% TSMC 🇹🇼

+433% Silver 🥈

+424% ASML 🇳🇱

+407% Alphabet 🔍

+387% Goldman Sachs 🏦

+376% Société Générale 🇫🇷

+363% AMD 💻

+349% Morgan Stanley 💵

+324% Exxon Mobil 🛢️

+320% Deutsche Bank 💶

+279% Apple 🍏

+270% American Express 💳

+265% Meta 📱

+245% Uber 🚖

+232% Munich Re 🧷

+230% Costco 🛒

+228% Nasdaq 100 🇺🇸

+228% Oracle 👩‍💻

+222% Eni ⛽️

+209% Shell 🇬🇧

+204% Shopify 🛍️

+202% Walmart 🛒

+201% JPMorgan 💰

+196% TotalEnergies 🇫🇷

+189% BNP Paribas

+187% Gold 🥇

+183% Airbus ✈️

+181% Infineon 🇩🇪

+176% S&P 500 🇺🇸

+174% Chevron ⛽️

+173% Carnival 🛳️

+170% Deutsche Telekom 📞

+169% MSCI World 🌍

+168% STOXX Europe 600 🇪🇺

+165% DAX 🇩🇪

+165% FTSE All-World 🌎

+157% RWE ⚡️

+150% Netflix 🍿

+149% Amazon 📦

+145% IBM 💻

+142% Microsoft 🪟

+127% Dow Jones 🇺🇸

>> Which stocks are you invested in and how have they performed?

$NVDA (-2.62%)
$RHM (-4.16%)
$AVGO (-3.29%)
$ETH (-3.48%)
$BTC (-3.55%)
$TSLA (-3.2%)
$MU (-0.52%)
$CRWD (-5.93%)

The EU wants to support its member states with arms loans. Poland's nationalist President Karol Nawrocki sees this as a threat to Poland's sovereignty.

The law in question had previously been passed by Prime Minister Donald Tusk's centre-left coalition and was intended to allow Poland to take out loans of 44 billion euros from the EU to modernize and arm its military.

As part of the so-called Safe Program (Security Action for Europe), the EU is offering low-cost loans totalling 150 billion euros to its member states to help them finance increased arms spending in order to arm themselves against a more aggressive Russia.

The SAFE program in Poland becomes a symbol of the conflict between the government camp and the president.

What does this mean for the arms industry?

$RHM (-4.16%)

$HAG (-4.93%)

$DE000TKMS001 (-6.56%)

$HO (-3.08%)

$LDO (-3.76%)

How do you see the veto?

So long

While the financial police are still discussing whether 5% gold is too risky and whether it is permissible to own more than one global ETF, I am building my empire of real values. 👊

My portfolio is not a "game of chance", but an asymmetrical bet on reality. Anyone who believes that the world will only consist of tech stocks in the next 30 years has not heard the shot.

Here is my setup (30+ year horizon):

1. Firepower (Defense):
$LMT (-1.29%) & $RHM (-4.16%) . 🔫 Anyone who bets on peace is brave - I'm betting on the defense budgets of the next 20 years. State treaties are the safest dividends in the world.

2. The lungs (infrastructure/energy):
$NEE (+0.46%) , $ENB (+0.46%) & $ENR (-5.46%) . ⚡ Without electricity there is no AI (hello to your tech ETFs!) and without pipelines there is no heating. Real assets that you can touch.

3. The monthly cash engine (income):
$MAIN (-2.05%) , $O (+0.79%) & $JPEQ . 💸 While you hope for a return once a year, my securities account pays me every month my bills every month. Cash flow is freedom, book value is just a number on the screen.

4. The safety belt (tangible assets/gold): Yes, I own "useless rocks". Why? Because gold hasn't fallen to zero for 5,000 years - your currencies have.

5. The spearhead (crypto): My TradFi block secures my existence, crypto secures my leap in wealth. Anyone still shouting "scam" in 2026 has slept through the blockchain revolution. 🚀

To all ETF ultras: Have fun with your 7% returns in 40 years. I take the shortcut via direct cash flow and real systemic relevance. My goal is not to "beat the market", but to become to become independent of the market.

Who is with me? Who is also betting on cash flow instead of hope? 👇

#EierAusStahl
#CashflowIsKing
#DividendenStrategie
#KryptoHedge
#TradFi
#GetQuinCommunity

The military escalation between the USA, Israel and Iran is causing strong market movements worldwide. Investors are shifting out of cyclical sectors and into security, energy and defense.

_________________________

Bitcoin $BTC (-3.55%) shows surprising stability

• 📈 In the meantime +8,1 %
• 💰 Just over 70,000 dollars
• Stabilization at around 69,000 dollars

Despite geopolitical risks, Bitcoin is apparently being used as a liquidity parking lot in the short term. At the same time, volatility remains high - further escalations could trigger new spikes.

_________________________

🛢 Oil prices up significantly

• Brent: + just under 6 %
• WTI: + a good 5 %
• In the meantime even +13 %

According to the report, the USA is currently no release from the strategic oil reserve. The market is still considered to be supplied, but the situation remains tense.

_________________________

🏦 Banks under pressure

The European banking index loses around 3,5 % - sharpest decline since April 2025.

Particularly affected:

• HSBC - $HSBA (+0%)
• Barclays - $BARC (-1.79%)
• Standard Chartered - $STAN (-1.11%)
• Deutsche Bank - $DBK (-2.05%)
• BNP Paribas - $BNP (-1.78%)
• BBVA - $BBVA (-2.28%)
• Commerzbank - $CBK (-4.03%)

In the USA also weaker until the US opening:

• Bank of America - $BAC (-2.54%)
• Citigroup - $C (-4.58%)

Reason: Strong Middle East business of many institutions and general risk aversion of investors.

_________________________

✈️ Travel industry collapses

High oil prices and uncertainty weigh heavily on tourism stocks:

• TUI - $TUI1 (-2.58%) (-11 %)
• Lufthansa - $LHA (-2.73%) (-11 %)

Flights to the region are canceled, travel offers suspended. Investors fear rising costs and falling booking figures.

_________________________

💎 Luxury stocks clearly in the red

The European luxury index loses almost 4 %.

Strongly affected:

• Richemont - $CFR (-2.57%)
• Swatch - $UHR (-2.89%)
• LVMH - $MC (-1.32%)
• Hermès - $RMS (-1.83%)
• Kering - $KER (-2.43%)
• Brunello Cucinelli - $BC (-2.76%)
• Moncler - $MONC (-3.45%)
• Ferragamo - $SFER (-2.12%)

Background:

Luxury is heavily dependent on global travel. Capital flows out of cyclical stocks.

_________________________

🛡 Defense stocks as clear winners

Geopolitical tensions drive up defense stocks:

• BAE Systems - $BA. (-3.35%)
• Lockheed Martin - $LMT (-1.29%)
• RTX - $RTX (-0.99%)
• Kratos - $KTOS (-4.9%)
• Hensoldt - $HAG (-4.93%)
• Leonardo - $LDO (-3.76%)
• Renk - $R3NK (-4.59%)
• Rheinmetall - $RHM (-4.16%)

Partial price increases of 3-6 %.

The focus is particularly on missile defense systems and possible increases in defense budgets.

_________________________

🚢 Shipping companies benefit

Transport values increase due to detour (avoidance of Hormuz, Suez Canal & Bab al-Mandab):

• Maersk - $MAERSK A (-1.54%)
• Hapag-Lloyd - $HLAG (-11.58%)
• Torm - $TRMD A (+1.27%)
• Frontline - $FRO (-0.53%)
• Hoegh Autoliners $HAUTO (-2.64%)

Reason: Shortage of transport capacity and speculation on rising freight rates.

_________________________

🥇 Gold in demand

• Gold price: +2,5 %

Profiteers in mining stocks:

• Evolution Mining - $EVN (+0.51%)
• Northern Star - $NST (+3.27%)

The sector has been showing relative strength for several days.

$4GLD (+3.61%)
$GOLD
$GOLD (+0.05%)

_________________________

📊 Market logic clearly recognizable

Winner:

🛡 Armaments

🚢 Shipping companies

🥇 Gold

₿ Bitcoin (short-term)

Losers:

🏦 Banks

✈️ Travel

💎 Luxury

_________________________

🔎 Conclusion

The market reaction follows the classic pattern of geopolitical crises:

• Risk is reduced
• Capital seeks security
• Energy prices rise
• Defense stocks benefit

The decisive factor remains whether the situation eases diplomatically - or escalates further.

_________________________

Source:

Reuters: Anleger greifen bei Bitcoin als "Fluchtvehikel" zu (Via TradingView)

Last year, Rocket Lab $RKLB (-9.44%) announced its intention to acquire the German company Mynaric. Mynaric produces specialty lasers for space applications, but they ran into financial difficulties, which ultimately led to the acquisition by Rocket Lab. This is a very relevant acquisition for Rocket Lab, especially with regard to its future Space Services business (commercialization of satellite constellations).

However, the acquisition has still not been approved by the Ministry of Economic Affairs (required due to dual-use). As Mynaric's technology is not only economically but also militarily relevant, the decision-makers are probably hesitant. The current relationship with the USA, where Rocket Lab has its headquarters despite its New Zealand roots, is certainly not very conducive either.

Now, however, the tide is turning, but not in Rocket Lab's favor. According to media reports, Rheinmetall $RHM (-4.16%) is also interested in acquiring Mynaric and may already be in negotiations. Rheinmetall is apparently already emphasizing behind closed doors that a "national solution" should be preferred.

Now to my opinion: I think it is right and urgent that the takeover of Mynaric by Rocket Lab is not approved. It is the right decision to integrate this technology into Germany's largest defense company, not only to ensure our security in geopolitically heated times, but also to build a national space champion. It is the right decision for Germany, which is why I also believe that the Ministry of Economics will decide accordingly. Of course, it is possible that the takeover will still succeed with massive concessions, but only time will tell.

Since Rocket Lab is my largest and most successful position in the portfolio, it is difficult for me to speak out in favor of Rheinmetall in this matter, but I am not only a shareholder, but also a resident of this country, which is why I have made this decision. For Rocket Lab, the failure would be a very bad signal, as Mynaric has been an important part of their space services strategy. Of course, there are still many reasons for Rocket Lab and I remain optimistic about its future. We will probably find out how this story ends later this year, but I would like to see Mynaric stay in Germany.

@Shiya

https://www.businessinsider.de/wirtschaft/mynaric-rheinmetall-erwaegt-uebernahme-von-high-tech-unternehmen/

$RHM (-4.16%)

Rheinmetall: EU Commission approves takeover of Lürssen naval division | INDUSTRIEMAGAZIN https://share.google/XlxHcpHdJQeyPiP3t

The state as a market player

When debt is problematic - and when it enables growth. Classification beyond simple debt ratios

Reading time: approx. 5-6 minutes

Fiscal policy is not a side issue for the markets in 2026. It is a valuation factor. Budget deficits, special funds, defense budgets, industrial policy - all of these have a direct impact on yields, valuation multiples and sector rotations. If you only look at debt ratios, you miss the point. The decisive factor is the ratio of growth to interest rates - in short: g to r.

g stands for the nominal growth of an economy, i.e. real growth plus inflation. r stands for the average effective interest rate at which a state refinances itself. The sustainability of debt depends largely on how these two variables relate to each other.

The key correlation is as follows: as long as the nominal growth of an economy is higher than the average financing rate of its debt, the debt ratio stabilizes or decreases relative to GDP - even in the case of moderate primary deficits. Formally: If g > r, time works for the debtor. If r > g, time works against him.

Why is this the case? Government debt is measured in relation to economic output. If GDP grows faster than interest costs, the economy "grows" relatively into debt. The ratio falls or remains sustainable. If the ratio reverses, interest expenditure increases relatively more than the economy's income. This creates fiscal pressure.

This logic is not new. It can already be found in classical debt arithmetic and has often been linked to the inequality formula r > g from the work of Thomas Piketty in more recent discussions. It is important to classify it correctly: there, r > g describes the relationship between return on capital and growth in the context of wealth concentration. The mechanics are similar for public finances, but the focus is different - it is about debt sustainability. The mathematical core is related, but the economic application is different.

Applied to 2026, this means that in a world of structurally higher interest rates, the difference between g and r will become the decisive macro lever.

The German government debt ratio is currently around 63-65% of GDP. Internationally, this is moderate. However, the decisive factor is momentum. Nominal growth has recently been roughly in the region of 2-4 %, depending on the quarter. At the same time, new issue yields for ten-year German government bonds are in the range of around 2.5-3 %. Germany is therefore in a borderline zone. g and r are close to each other. A clear growth advantage no longer exists automatically as in the zero interest rate regime.

This makes the quality of fiscal spending crucial. If additional debt has a primarily consumptive effect, the ratio rises faster than economic output. If, on the other hand, it flows into infrastructure, digitalization or defence capacities, it potentially increases trend growth - i.e. g - and shifts the equation in favour of sustainability.

Rising defense budgets have a direct impact on $RHM (-4.16%) (Rheinmetall AG). Infrastructure and industrial projects increase the order base at $SIE (-3.21%) (Siemens AG). Grid investments stabilize regulated cash flows at $EOAN (-1.64%) (E.ON SE) and $RWE (-3.08%) (RWE AG). Digital modernization strengthens providers such as $SAP (-2.78%) (SAP SE) or security providers such as $YSN (-5.18%) (secunet Security Networks AG). These are concrete fiscal transmission channels in sales, cash flow and margins.

But every additional issue also has an impact on the bond market. Higher supply can cause yields to rise. Higher yields increase discount rates - particularly relevant for long-dated growth cash flows. Fiscal policy therefore generates two forces: profit impetus through demand and valuation pressure through higher capital costs. Which one prevails depends on the market framework.

In the US, the government debt ratio is significantly higher - roughly in the range of 115-125% of GDP. At the same time, nominal growth is more robust than in Europe. As long as nominal growth is in the range of around 4-6% and long-term Treasury yields are below or only slightly above this level, the debt dynamic remains manageable. It becomes critical when interest expenditure rises faster than the nominal income of the economy.

Industrial policy programs have a direct impact on individual sectors. Semiconductor investments stabilize investment cycles at $INTC (-2.75%) (Intel Corporation) and $NVDA (-2.62%) (NVIDIA Corporation). Defense spending supports $LMT (-1.29%) (Lockheed Martin) and $NOC (-1.12%) (Northrop Grumman). Infrastructure programs have an impact on $CAT (-1.23%) (Caterpillar Inc.). Tax incentives in the energy sector stabilize cash flows at $NEE (+0.46%) (NextEra Energy). Fiscal policy becomes a sector-specific source of income.

The historical US post-war example illustrates the dynamics. After the Second World War, the debt ratio was over 100 %. It fell significantly in the following decades. Strong nominal growth played a central role. At the same time, financial repression, regulated capital markets and phases of unexpected inflation had a debt-reducing effect because they reduced real interest burdens. g was greater than r for a longer period of time - partly also influenced by politics.

Conversely, the European sovereign debt crisis showed what happens when r > g and confidence wanes. Rising risk premiums increased interest costs, growth stagnated and the debt ratio turned negative.

For investors, this means that debt is not a moral judgment, but a mathematical and institutional issue. The decisive factors are growth, interest rates and confidence. If you only look at the debt ratio, you ignore the dynamics behind it.

In 2026, it is precisely these dynamics that will be decisive. In an environment without a zero interest rate buffer, fiscal policy is no longer an automatic growth lever. It can enable growth - if it is used productively and g is stable above r. However, it can also generate valuation pressure if r rises above g in structural terms.

The state is therefore one of the largest allocators of capital in the world. Its budget decisions act like an additional investment fund in the trillions. If you want to understand markets, you have to read this dynamic in the valuation framework - not in isolated percentages.

The next part will conclude the series: Part 10 - Why key figures fail without a valuation framework. There I will bring the entire series together with the key figures series - and show why classification is more important than mathematical precision.

This is exactly what the Rheinmetall CEO did.

In December 2020, Armin Papperger bought around 13,000 shares at €78.24 - i.e. for just over €1 million. Back then, hardly anyone was talking about the armaments boom. The "turnaround" had not yet been proclaimed. It was a classic conviction investment.

At the later all-time high of around € 2,008 per share, the package would have been worth € 13,000 × € 2,008 = around € 26.1 million. → Book profit of around € 25 million or almost +2,400 % return.

A machine like the Panther. $RHM (-4.16%)