Terrible Tariffs

Unfortunately, we're living with a President King, who is enjoying being the center of attention.  There's the potential for a lot of damage to the American reputation and economy.

A good article from CNN, "Trump has 90 days to do 150 trade deals. Financial markets aren’t buying it"

And while stocks and trade deals get the headlines, these three markets are a more revealing indicator of where we may be heading

Bonds

"The bond market is acting weirdly.....As JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders Monday, Trump’s “America First” policy risks alienating its most important partners and the country’s special standing in the world."

Now yields were above these levels earlier this year and last year. If they head towards 5%, start worrying

Oil

"The oil market has been trading like we’re going into a recession....US oil on Friday morning fell below $60 a barrel, close to a four-year low, before recovering slightly."

Dollar

"The dollar on Friday tumbled to its lowest level in three years. That’s the opposite of what you’d expect when tariffs are put in place." It has continued to decline. Trump may want this for competitiveness, but the cost of our debt is rapidly rising

Our country voted for this President, and he's delivering what he promised. I look forward to seeing some Republicans in Congress taking back their authority. Otherwise this could turn into a long time in the wilderness.