I have been critical of President Trump recently, but this does not mean I do not support many of the President’s policies. I agreed with him on lowering corporate taxes…and on many of the deregulation
However, the President keeps trying to say that his trade policy is not hurting the economy or the stock market. That is RIDICULOUS!!! It is definitely having a negative impact…and he knows it. If he thought the trade policy was not having a negative impact, he wouldn’t be begging the Fed to cut interest rates by 100 basis points or floating ideas of cutting payroll taxes!!!! He’s obviously looking for programs that will offset the impact of
I understand why the President is doing this. He is about to embark on a re-election campaign and he wants to push the blame for the impact of his trade policy to others.
However, I think it's important for investors to face the truth. The trade ware IS having a negative impact...and as we've talked about ad nauseam for weeks, the trade war is going to be with us for many years to come. Therefore, investors need to adjust their thinking to this reality.
To find out more about my thoughts on this vitally important issue and why it will be critically important for the markets going forward,click here to subscribe to my newsletter.