All Three Markets Begin to Climb Again

All three markets were up again today, with the Dow at 40,114, up 20.10 over yesterday's close. Last week, the Dow closed on Thursday for the Easter break, at 39,143, which showed up 971.00 for the week.

Since the tariff issue was started on April 2, after 3 ½ weeks the market is down only 2,111. Not bad for all the stomach-wrenching and hand-wringing we witnessed earlier this month.

As discussed on April 4th in Tariffs, Economics 101 and A Little Common Sense, I had said, “And perhaps, the markets may continue to lose, at least on Monday and Tuesday. But as with every other market upheaval, the markets will come back and will surge to new heights.

It happened in 1929, 1986, 2000, 2001, 2008 and 2020. And each time, the Chicken Littles who had wrung their hands, had to eat crow.

Now, while the “experts” are predicting gloom and doom that the world is in upheaval because of the tariffs and castigating President Trump, if you listen closely, there are about FIFTY countries who want to make some type of deal so that the President will roll back the tariffs.”

Certainly other than with China, the Trump Administration is well on the way to negotiate with many countries, with some ready to be finalized and announced. To ours and the specific country(ies) benefit. And wasn’t it China who began this years ago? By manipulating its currency and applying outrageous tariffs in the 90s?

Once those announcements happen, the market will be lit to soar quickly to 50,000. Then, what? Will the “Doubting Thomases” in the media and other critics finally give President Trump the props he deserves?

So let’s see how the last three trading days of April play out, shall we?