Hey y’all,
An unpleasant fight is setting up in Washington.
Whether you support him or not, there’s no arguing that the major selloff in the markets this week is a direct result of President Trump’s tariff announcement on Wednesday.
Since then, JP Morgan has raised its projected likelihood of a recession to 60%…
Over $2.5 trillion of value has dumped out of the markets…
And the Nasdaq 100 has officially entered “Bear market” territory…
But President Trump is attempting to pass the buck for this market chaos to Fed Chairman Jerome Powell, saying “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly.”
His final message, with an undeniable note of irony, read: “CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
I am highly skeptical that anyone is going to fall for his red herring. If President Trump really believes that tariffs are good policy, he needs to make the case directly to the American people about why the temporary pain makes sense.
For his part, Powell put out a pretty heavy-handed message at his speech today, saying that tariffs would result in extended high inflation and a slowing economy.
The last thing investors need right now is a war of words between the President and the Fed Chairman. What they need is certainty.
But I want ProsperityPub to be a resource that helps you in times of chaos. And while we can’t bring an end to tariffs, we can at least help you prepare.
So tomorrow, LIVE at 11:00 AM ET, I’ll be with Kane Shieh, Tom Busby, and Jack Carter to walk you through exactly what they’re expecting in the markets going forward, and what they’ll be doing with their money in the coming weeks.
Make sure you RSVP for a spot here
I’ll see you tomorrow. Bring lots of questions.
To your prosperity,
Stephen Ground
Editor-in-Chief, ProsperityPub
