After a two-year absence, I am returning to my initial mission of alerting readers to the economic dangers ahead because of the growing National Debt together with the unfolding economic headwinds caused by the Trump tariff battles.
In less than two months, the Trump Administration has set off a global meltdown, that has erased most of the market gains that followed his election to the office of President.
Although these, on again, off again, tariffs on aluminum and steel have only recently been imposed, there are early signs they will cause significant price increases on many items, including housing and autos and grocery prices.
As Trump and his sidekick Elon Musk, slash and burn government payrolls, major retailers, such as Walmart (WMB) are seeing reduced consumer spending on the part of their customer base.
On Friday, March 13th Jamie Dimon, CEO of J.P. Morgan, said that he is: “Starting to see weakening in the economy and growing negative sentiment.”
Of course, this is not investment advice, only my personal observations which are subject to change day by day. But for what it is worth, I would keep an eye on the technical chart for WMT for a sense of market direction.
I remain cautious.
It might also be wise to discuss with your personal advisors Warren Buffett’s BRK portfolio which is reported to have a substantial amount of cash reserves in short term Treasury Bills.