"Globalists" Get the Blame for the Stock Market Wobble

The equity market is no longer a barometer of success for President Trump

Highlights

• The equity market is no longer a barometer of success for President Trump

• If the wobbly stock market keeps the richest from spending, a recession is imminent

• Hide behind cash, bonds, and precious metals

• Deflationary impulse in China deepens

Key Takeaways

• Trump Shifts Focus from Markets: “I’m not even looking at the stock market.” That was President Trump, last Thursday. It is all very fascinating because in President Trump’s first term, when the bull market was raging, he tweeted about the stock market 156 times — so far this time around, just once (on Truth Social). The President views his current mandate as providing shock therapy to the economy, turning the well-established global order upside-down and willing to accept the short-term collateral damage.