David Fischer, CEO of Landmark Capital joins Joe Messina to discuss President Trump’s economy, trade tariffs, and the trade deficit is growing. The Fed is officially unwinding it’s balance sheet, but they admit they can’t find a way to do without affecting the market. They do this on the 1st and 15th. This is likely the main reason we’re seeing such volatility.
Is Trump’s Economy Working as He Planned During the Election?
-David Fischer, CEO of Landmark Capital, talks Trump’s tariffs and trade talks. Trump is making good on another campaign promise. The trade deficit is growing. We have a $300 billion trade deficit with China.
-3 countries have threatened to retaliate in response to Trump’s tariffs. Europe, UK, and China.
-The Fed is officially unwinding its balance sheet, but they admit they can’t find a way to do without affecting the market. They do this on the 1st and 15th. This is likely the main reason we’re seeing such volatility.
-The Federal Reserve is not “federal” and it has no “reserve”. When the largest central bank in the world is selling off its own Treasuries, it creates serious uncertainty.
-There are 4 phases to a Bull Market: pessimism, skepticism, optimism, euphoria. We are currently ending the euphoria phase. Fundamentals to support it no longer exist. Seeds of instability are germinating again. People do not like uncertainty.