I’ve been back stateside for three days now and already I want to turn around and head back down under.

Jet lag feels about as bad as I imagine detoxing from crack is (thank you, Naomi, for your recommendations to help with this!).

Markets are in no-man’s land, trading in the middle of the rising bearish wedge channel. They’re either not interested or capable of pushing above the top trend line, and they seem equally disinterested in breaking below the bottom trend line.

Gold seems equally stuck.

As does the dollar.

So, we’re basically nowhere.

And then there’s President Trump.

Let’s start a trade war. That seems like a good idea!

Let’s slap a huge tariff on steel and aluminum imports.

Let’s put America first!

I’ll tell you, this isn’t putting America first. Tariffs during the Great Depression didn’t help one bit. In fact, they aggravated the situation.

Already, the EU has responded to the tariff threats with a threat of their own: 25% tariff on a list of U.S. exports, including Levi Jeans and Bourbon.

Canada and Mexico are up in arms.

This is insanity. And it’s not going to end well!

Charles puts this into perspective for us.

Of course, keeping true to form of late, stocks hit the skids for a few hours on Monday when news broke about Trump’s proposed tariffs, and then they pulled themselves right back up as though nothing had happened at all!

It’s completely irrational.

I would say they’re more irrational than women can be sometimes, but it turns out that women make better investors than men, as Adam points out in his most recent Economy & Markets article.

As has become the norm, it’s a case of wait and see with this market. I’ll keep you posted.

Harry

Follow Me on Twitter @harrydentjr

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.