Contrarian Value Ideas

[gfp927z]

Derf, It looks like the market is giving Trump the benefit of the doubt so far today. Not sure when he'll drop his tariff bombshell, maybe after the close, but I decided to stay on the sidelines for now (only have a 1% stock allocation). Chart-wise, this would normally be a great 'buy the dip' opportunity, but all I can see are months of ongoing angst as we watch the monthly economic numbers deteriorate (GDP, inflation, unemployment, etc). But if Trump pulls back on his mega tariff plan, then a big relief rally.

This is exactly what the ego driven 'Drama Queen Don' lives for -- being the center of attention. But as a narcissist, he also can't handle criticism, and will presumably do whatever it takes to maintain a high approval rating. A crashing stock market and recession wouldn't fit in with that narrative, so does Trump somehow do an 'about face' on the tariffs? Guess we'll find out.



---