"US real estate, it doesn't mean that a crash is predicted here, but it would also be difficult for these properties to grow. There are increasingly bold ideas, especially from the Democratic Party in the United States, which will most likely take power in the November elections. For example, the Mayor of New York, who is a Democrat, has already introduced a tax on real estate, on a second apartment for someone who does not permanently live in New York. "

"He's not messing around here before the elections. I think they will hit Meta hard. It will be a show-off and it will be about 12 billion, because last year they had 200 billion in revenue, it seems. So 12, that will be 12 billion of 60 profit. So 20% of annual profit. Meta is not walking away. This is just one, one court case. There are still many such individual ones, you know. "

"And then from November, in my baseline scenario, a return to strong growth. It will already be known who won. Most likely the Democrats, only the question is whether they will only take over the House of Representatives, which is almost certain and is fully priced in, because there is an 85% chance of that on Polymarket, or whether they will also take over the Senate. There is 52% right now on Polymarket, on such a forbidden betting platform in Poland, where you can place bets with real money. "

"Because my base scenario assumes that Trump will withdraw. Yes, I even thought he would do it earlier, but this week is even the base scenario, that this week, let's be honest, I give over 50% that this week he will give up his position, that he will end it somehow, I don't know how, but let's say 55% that this week, 45% that he will continue it until the end of April, but 55% is quite a lot, right? "

"And here, this is one of those unfavorable factors that have contributed to this worse financial situation, but one can also play on the fact that there will be a new president of the United States who will completely eliminate these tariffs or significantly reduce them. So there are several pro-growth factors here. "