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.
The S&P 500 is tied for its 2nd best performance since 1990. Only 1991’s January/February trading action has been better.
As 2019 begins, and after a turbulent fourth quarter of 2018, we thought it would be an opportune time to check the pulse of the economy and markets with one of the most outspoken and adamant bears on the fiat monetary system.