May 9th, 2025
Markets end the week on a slightly positive note as President Trump hints thru his postings on Truth Social web site, that lower tariffs on China, may come out of the weekend meetings between Chinese and USA negotiators.
My opinion, in case you care?
Something that looks like a deal but is just something that may be a beginning to a serious trade deal which will take the rest of the year to complete.
When the smoke clears from all of these trade deals the result will be a 20%, sales tax (or more) on everything the consumer buys, not matter if the product is made overseas, or in some local factory. This will be a tax on everything you buy and will limit your ability to save for retirement or send your kids to a quality college or trade school.
The hard economic facts will start to show up in the coming summer months, as the price of everything increases. This will be bad for small business owners, and the general public. It may also be bad for several of the major corporations, as the consumer willingness to continue to buy things are credit, is seriously curtailed.
Just my opinion. And certainly not investment advice.
For myself, I continue to stay with short term Treasury Bills and add a little gold ETF to my account on a monthly schedule. I may be missing out on a golden opportunity to add some hi quality growth stocks to my account, but that is the way I see things at present.
Let me know your thoughts, if you want to share them.