The latest report indicates that Trump has approved an agreement with Saudi Arabia, intending to allow Saudi Arabia to independently conduct uranium enrichment within the framework of its civilian nuclear program—thus opening Pandora’s box of nuclear proliferation in the Middle East.

In fact, this is not a new development but rather a policy initiative that began during Trump’s first term, even being bundled into a major deal linking Saudi-Israeli normalization during Biden’s presidency.

Yet, their respective approaches to this issue are highly representative.

If we use stock market trading as a metaphor, Biden clearly embodies a value investing philosophy: he would rather miss out than chase overvalued stocks, and even displays a certain “purity obsession.” He doesn’t focus solely on individual stocks’ fundamentals; instead, he demands a “macro-level portfolio” where Saudi nuclear cooperation, the U.S.-Saudi defense treaty, Saudi-Israeli diplomatic normalization, and a Palestinian statehood roadmap are all forcibly bundled together.

This is akin to buying an extremely complex “cross-industry composite fund,” requiring all growth sectors to align simultaneously before making any investment. At the same time, risk controls are exceptionally strict, demanding “U.S.-controlled black-box oversight” and rigorous IAEA surprise inspections.

However, due to his excessive prerequisites—requiring a perfect alignment across the entire market, sector, and individual stocks—the timing for entry was never right.

As a result, when the black swan event of the 2023 Gaza conflict erupted, the market suddenly shifted, his grand portfolio instantly collapsed. Holding a stack of research reports, he ended up “perfectly missing the opportunity.”

Trump, by contrast, is a quintessential speculative trader, short-termist, and even a high-leverage sentiment-driven player.

He completely disregards intricate macro portfolios, directly untying “dragging concepts” like Israeli-Saudi normalization and the Palestinian issue.

Instead, he focuses only on the core, most immediately monetizable indicators: major commercial deals for U.S. firms (such as Westinghouse Electric) and locking in strategic competition with rival powers.

This is equivalent to abandoning all macro analysis and chasing the most eye-catching super-cap stock directly.

To achieve rapid “execution and profit realization,” he’s willing to scrap the “gold standard” and strict risk controls altogether—even granting Saudi Arabia forward expectations for domestic uranium enrichment.

This is like chasing high-risk stocks while removing your stop-loss orders, and secretly adding leverage.

Short-term, this approach delivers explosive liquidity and globally renowned ability to “draw the K-line” himself.

But the more joyfully he draws now, the sooner he’ll face the reckoning.

The enormous tail risk of a nuclear arms race in the Middle East goes without saying. With the U.S. stock market standing like a skyscraper on shaky ground, and American national destiny torn apart internally and pulled in opposite directions—how many more rounds can he still afford to tinker with?

Original source: toutiao.com/article/1871498789741707/

Disclaimer: The views expressed in this article are those of the author alone.