Trump 2.0
As approval ratings drop, Trump must pivot.
Several week or so ago we posted this to frame our views on equity:
The dire chart using, perhaps in a completely naive way, Thom’s catastrophe theory to make a point that the market had the potential (back then) to drop suddenly or even crash. It depicts that the downside shock potential for equity given the combined effect of a constitutional crisis and ill thought out economic policy of Trump expressed mainly in tariffs.
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