Wry & Dry #33-25 Art of the U-turn. Green economics. A policy, at last.
Trumpster has refined reality-television-government to that of the highest art. Drama every day (share market down, then up, then down). Personality clashes (Musk and anybody). National security breaches (N, where N is a large number). Lawyers (ditto). Revenge (anyone that ever offended Trumpster). Only romance/lust is missing, but it will come.
Trump’s administration is the new Renaissance; the new black of narcissistic incompetence. Not since Stalin implemented the Soviet Union’s disastrous collectivisation of agriculture has megalomaniacal government and idiotic economics been blended so successfully.
Trump’s Tariffs and the market rebound
It’s been arguably the most volatile week for investments since the depths of the GFC. But I’ll let others provide the details for market records that have been broken.
Yesterday’s big rebound in the ASX was due to a reduction in ‘uncertainty’. Markets will always fall sharply in times of considerable uncertainty. Recall that the ASX fell over 30% at the start of Covid. Before that, during the GFC, it fell by over 50%.
Read as Craig continues to cover the market outlook after Trump’s announcement on Wednesday ( New York Time) and outlines potential impacts on your portfolio.
Plus, we followed up on last week’s, not about clients’ holding in Challenger Limited.