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Strategies & Market Trends : Ted Warren's Investolator -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (1688)	4/7/2025 5:55:39 PM
From: Harvey Specter	Respond to of 1789

The market feels like the March 2020 COVID Crash - extremely oversold right now and probably due for a bounce. The dumbest reason for some of the selling is they are afraid of possible inflation from tariffs sending us into a recession (so prices are going down because they are afraid of them going up haha). Look at this ridiculous article from Forbes during the first "tariff tantrum" selloff back in 2018 - they were claiming iPhone prices could jump to $30,000+ if they are made in America. I remember very vividly back in Trump's first term everyone in the media was claiming tariffs would lead to high inflation - inflation ended up actually being below average during Trump's first term (averaged 1.9% inflation during his first term vs the historical inflation rate of about 3% over the past 100 years in the USA) and the market rose about 70% during his first term. The inflation didn't come until after we printed a ton of money due to COVID and Biden shutdown oil production - most of the inflation over the past four years was the result of Biden's energy policy IMHO. Oil is used in the production of numerous non-oil products so inflation in oil prices (because of too many dollars chasing too few energy sources) led to inflation in everything else. Gold miners is a group that has been accumulation over several years and I own these - I wonder what gold will have to do with the shifting economic world order if anything? Also note, gold is exempt from tariffs.