I bet the haters didn’t see this coming!
On Friday, halfway through the trading session, Trump and the Australian Prime Minister, who has been visiting the White House, were answering reporters’ questions, when Donald was asked a couple of things regarding the trade deal: (1) Is he open for an incremental deal? And (2) does it have to be before the elections?
Trump has the ear of the country at this point. Most Americans, even Trump haters, are sitting there wondering why America waited this long to slap tariffs on China.
The market couldn’t be underestimating more disproportionately how much Donald Trump is dead serious about making sure that the USA does not become enslaved by its relationship with China.
What has happened this past Friday is highly irregular and I can say that we are, without a shadow of a doubt, entering a New World Order, which introduces the sort of volatility that isn’t reflected in asset prices just yet.