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It’s a good sign that Wall Street was able to finish on a positive note, with all four most-watched indexes (i.e. the Dow, S&P 500, Nasdaq and Russell 2000) all ending up over 1%
We’re in the throes of one of the greatest policy mistakes in modern economic history.
Overnight, Wall Street escalated its anxiety about next week’s Trump tariff revelations.
The only other time I might have suggested that a US President was the main market mover was when Donald Trump had his first stint as chief decision maker in the White House.
It’s been a good end to a week from stock market hell, and we all know who we’d cast in the role of devil!
All week Donald Trump has been trumping stocks with his tariff tinkering and tirades that have really unsettled markets.
Local stocks were trumped by the US President’s tariff threat, which above all is creating uncertainty.
Here’s a fair question: what just happened this week? The RBA cut rates, and our stock market went down!
While Friday on Wall Street was mostly negative, after a doozy of a week for positivity and given inflation and Trump tariff concerns, it was a huge effort showing that the market, at the moment, thinks tailwinds for stock prices outweigh headwinds.
Anyone wanting to invest with total confidence wouldn’t be satisfied with news out of the US overnight.
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