Estimating America’s economic trajectory is becoming ever more challenging with the constant trade reversals, delays, extensions, and exemptions by the Trump administration. Their communication has been disorienting to say the least. It is disruptive to global trade and unsettling to consumer and business confidence – but, paradoxically, it may serve the prudent investor.
This administration has injected a heightened level of volatility into financial markets. Nevertheless, history shows global trade is resilient to both hot and cold conflict, and quickly adapts. Thus the stock market has been taking things in its stride. Not even a regional war between Israel and Iran, and joined by America, can derail this market. Astounding!