The real Trump shocker
It’s incredible that to date he has had so little impact in America. Markets are strong, growth hasn’t slowed, and treasury’s recording revenue from tariffs but tariffs aren’t impacting prices
It’s suddenly fashionable to talk about how the era of ‘American exceptionalism’ is ending, given Trump’s policies, the dollar’s decline, and the fact that so far this year US stock market is underperforming its international rivals by the widest margin since 1987.
The surprise however is that despite the shocks emanating from Washington and West Asia, US stocks are still grinding higher.
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Disclaimer
Views expressed above are the author’s own.
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