First off, the so-called "Trump tariffs", continued under Joe Biden, so in the bigger scope of things, we seem to be trying to become less reliant on China. This policy started with what was sold as the Pivot to Asia, under the Obama administration. New boss, same as the old boss.
Americans Are Still Paying for the Trump-Biden Tariffs.
— Veteran Market Timer (@3Xtraders) April 1, 2025
New boss same as the old boss. #LiberationDay https://t.co/gB1HfbFJQD
If you believe the Marxist left wing media, then you might think Trump is hell bent on destroying the global economy. Every other story that's been published recently is about how "on edge" Wall Street investors are over Trump tariffs, but is there really any truth to this?
Let's go directly to the charts, because the charts don't lie like the globalists who control every lame stream media narrative.
$TSX Canada - if investors were really concerned with the Trump tariffs, surely we would see it being priced in here, but for the past 2 years, leading up to the election, the only fear we saw was the fear of missing out on the next rally (FOMO).
Today the $TSX continues to trade above the 200 day moving average, and that's a universally bullish signal.
How about the financial system, surely Trump is putting that at risk. A picture says a thousand words.
How bout' China, and Europe still trading near record recent highs? Nope.
We do see folks hiding in defensive sectors such as Utilities, Gold, REITs, and even Energy stocks.
A word about energy stocks
Energy is where you are apparently supposed to hide when you believe a recession is coming, and we have seen the fast money piling into Energy for the past 2 years. Every time tech sells off, investors flee into energy.
You don't hear much about the stealth bull market, in Energy
Energy stocks trade to new all time highs, with Gold. #StocksToWatch pic.twitter.com/ZD7jfHNfD4
— Veteran Market Timer (@3Xtraders) March 31, 2025
Recession?
10 Best Recession Stocks Of 2025
I don't believe the recession narrative. I don't worry about it. I worry about the investors hiding in these so-called "safe havens" the most. In fact, I believe those sectors are in a full blown bubble.
Gold?
Gold retreats from record highs, holds above $3,100 ahead April's tariff "shock"
The market is made up of several markets, and as a trader it's your job to sift though the bs you see being reported by the legacy media every day, and find a few grains of truth, and trade accordingly.
GL, AA