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Who’s Sticking Around For The Crash?
Maybe you noticed, maybe you didn't, but these last three weeks were "perhaps the best ever."
That's according to Donald Trump, who was fired up Thursday for reciprocal tariffs, the next step in his spasmodic quest to right the world's wrongs with import taxes.
The market's kinda, sorta ignoring the trade headlines again, not necessarily because they aren't foreboding, but rather because it just isn't possible to draw any definitive conclusions about where this is all going. I don't think ther
“With earnings season unimpressive, growing trade uncertainty and monetary easing indefinitely postponed, it makes one wonder why would investors want to continue to stick around in one of the most expensive stock markets in modern history,” he said.”
No doubt he knows why – it’s inertia. Many fund managers are okay with losing (your) money as long as the whole market is selling off. The unforgivable sin is missing a rally. That’s “active” management in practice.
Seems like Tina holds all the Trump carrds.
Thank you! I keep wondering if I’m taking crazy pills when I look at what’s happening (both in the markets and with our democracy). I kinda get the market enthusiasm about American exceptionalism, AI, the Trump animal spirits, etc., but the potential for Trump to really screw something up seems high to me. Seems like we’re setting ourselves up for one of those “gradually, then suddenly” situations.
Granted, I used to buy into the perma-bear stuff, but you disabused me of that. However, maybe this time is different?
Even Trump has warned of ‘some pain ahead’. So I think a bearish slant is forgivable in this environment.