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Coronavirus Infects Stock Market: Part XXII

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President Donald J. Trump joins Xi Jinping, President of the People’s Republic of China, at the start of their bilateral meeting Saturday, June 29, 2019, at the G20 Japan Summit in Osaka, Japan. ( Official White House Photo by Shealah Craighead)

Only Trump Saw the Risk in America’s Relationship with China

You’ve known for some time now that for many Americans today the “American Dream” is simply that, a dream. You’ve instinctively known this. It was in your gut.

If you haven’t, hopefully you’ll seek out the peace of mind and safety you deserve when the coast is clear. That may be a while.

You know I’ve been a big supporter of the message Tucker Carlson’s been making on his show each night, that we need an American Dream (my words) that is open to Americans.

When I was in college, globalism dominated discussions about the future. In hindsight I wonder, how has that helped America’s next-generation compete on the global landscape? American manufacturing is undercut every step of the way on price by politicians who regulate and mandate. During these tough times America’s main advantage has been its world-best university education system. Now the progressive left wants to devalue that education by attempting to make it free. Anything that’s free isn’t worth a dime.

President Trump saw the writing on the wall. He was the first president to voice skepticism about America’s host-parasite relationship with China. He fights for American manufacturers, especially their employees. It is easy to understand the sorts of “Made in America” ideas Trump has been promoting for decades now that America faces shortages in even the most basic healthcare supplies. The country is reliant on China for many medicines and the protective equipment nurses and doctors need to fight coronavirus.

Only Trump was sounding alarm bells over China’s manufacturing stranglehold before all this began. He’s got great instincts and listens to those who are on the same page. Carlson recently visited Trump at Mar-a-Lago and discussed his visit, and Trump’s instincts, with Freddy Gray at Spectator USA. He told Gray:

Yeah, and I will say: I don’t know this because you can’t know it, but my instinct is that everything I said comported with what he knew was true. And I think that’s very often the case with Trump, who clearly has a lot of things working against him — being hated by every power center in American life, for example. He has excesses and ticks that make it harder for him to govern, obviously. But I think the reason he became president, in spite of all of that, is because he has good instincts, in some cases very good instincts, and he generally listens to them. And to the extent he screws up, it’s because he’s talked out of obeying his own instincts.

My impression on this from day one has been that Trump knew because he could feel that it was a problem. I mean, if you’re Trump, you don’t survive all that he’s been through — multiple bankruptcies and marriages, media attacks and all the things that he’s been through in 73 years — you don’t get through that and become president anyway without a very finely honed sense of danger or impending danger. People have this or they don’t. Some people can feel it coming and others can’t. And so I’ve always thought that he sensed that this was coming. And people around him told him it’s not a big deal. And it’s very easy to believe the happier forecasts than it is the threatening forecasts. Again, it’s kind of an unprovable hypothesis, but that’s always been my opinion.

The stock market will see better days ahead we just don’t know when. In the meantime collect your dividends and Breathe In, Breathe Out, Move On.

P.S. It’s Times Like These

Read my entire series, Coronavirus Infects Stock Market here.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com