The stock market is nervous and that has happened earlier than I thought it would. Tariffs are a negative. Back in the 1960s Australia introduced them to protect local industry and to encourage more manufacturing there. Instead existing makers got lazy because they were protected, turned out lousy products that no one wanted so manufacturing there became almost non existent and remains that way today. Trump would do better by giving tax incentives to encourage investment in manufacturing in the US.

Good article. My portfolio ended up over 7% even after the DeepSeek crash. Long may that performance last but I see dangers that I put in this article https://talkmarkets.com/content/stocks--equities/prepare-for-the-next-fed-led-crash?post=475100

Yes but he does not create any solid price base for it.

Yes but he does not create any solid price base for it.

Others are making the same warning as I about crypto currencies...Elliott Management, a prominent hedge fund managing $70 billion in assets, has issued a stark warning about a growing cryptocurrency bubble fueled by the White House's policies13. The firm cautioned investors that the Trump administration's support for cryptocurrencies is contributing to a speculative frenzy that could lead to severe economic consequences5. Key points from Elliott's warning: Cryptocurrency is described as "ground zero" for the current speculative boom in financial markets37. The bubble is seen as closely linked to the White House, with prices surging since Trump's election and his pledge to make the US a "bitcoin superpower"3. Elliott believes the inevitable burst of this bubble could cause "serious damage" in unforeseen ways35. The fund criticizes the US government for pursuing assets with "soaring prices but no real support"3. There are concerns that political support for cryptocurrencies could undermine the dollar's status as the global reserve currency5. Elliott Management argues that investors are behaving irrationally, comparing them to "a crowd of sports bettors" flocking to entirely speculative assets57. The firm emphasizes that it has "never seen a market like this," pointing to the artificial intelligence boom and high stock market valuations as additional signs of market excess3. This warning comes in the context of the Trump administration's pro-crypto stance, including recent executive orders promoting US leadership in digital assets and the establishment of a working group to evaluate a national digital asset reserve24. The contrast between Elliott's cautionary stance and the White House's embracing of cryptocurrencies highlights the ongoing debate about the role and risks of digital assets in the financial system.

Latest US GDP numbers showed a slowing down that the Fed knew about before deciding not to lower interest rates.

Thank you for the compliment

Hello Jan, hope it does well for both of us. James

Good article. I look at things in other ways in...https://talkmarkets.com/content/stocks--equities/prepare-for-the-next-fed-led-crash?post=475100

Hello Keith, I mentioned your article in this one of my own on the Fed...https://talkmarkets.com/content/stocks--equities/prepare-for-the-next-fed-led-crash?post=475100