No. of Recommendations: 6
Not political but an observation.
I think the smart thing to do, economics-wise, is ignore absolutely everything that Trump says, watch his actions, and not get riled up either positively or negatively by the right and the left media and influencers.
Separately you can have your political exultation or outrage as you see fit.
What he has done, or will do, is to encourage various forms of gambling (eg CFTC allowing sports betting by Kashi and soon by Trump Media group). Encouraged (and profited from) crypto. So more lemmings have and are going to put more money in these zero-sum and/or zero cash flow assets. Excess leverage will follow, especially if the next Fed president is tame and lowers interest rates regardless of inflation. Stocks ate already overvalued (if weighted by market capitalization as most index funds are). That is the backdrop. Given these trends, a crash seems more likely than not, Peter Lynch be damned. Or praised, if you follow a different advice from him and use projected PEG for valuation. And of course, diversify away from growth stocks even if you miss some bubblivious returns in the short term.
