There are three ways Donald Trump’s announcement could go – and they would probably catch investors by surprise in some way, given current positioning.
Who said the Trump trade was dead? Newsmax, the US conservative news outlet that heavily supports President Donald Trump, listed on the New York Stock Exchange on Monday night and has surged a staggering 1293 per cent in just two days. Who said meme stocks were dead?
Maybe a few investors managed to grab a seat on this rocket ship. Because on the eve of Trump’s Liberation Day tariff announcements, the S&P 500 managed to defy the fog of uncertainty and post a 0.4 per cent gain.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
