Thursday, May 8, 2025

One Down, How Many to Go?

The futures markets positively responded to President Trump's early morning post on Truth Social where he announced that the United States and the United Kingdom have entered into a new trade agreement.

The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” Trump said in a Truth Social post.

Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!”

He had teased during his meeting with Canada’s Prime Minister, Mark Carney, that “a major trade deal” was coming, but did not specify which country was involved, only saying it was “big and highly respected.”

The commander-in-chief signaled that details of the deal would be unveiled in full later Thursday morning during an Oval Office press conference.

This should be a very big and exciting day for the United States of America and the United Kingdom,” he said.

Right now, the Dow futures are up 264 at 41,478, while NASDAQ is up 204 at 20,265 and S&P is up 37 at 5,689. The markets open in less than thirty minutes, so expect the day to a rollercoaster ride.

Oh, and will Senator Rand Paul and the others please take a seat and stop whining that the President is doing the job they should have done for years? You know, applying the tariffs to keep the American economy protected against bad actors, like China?

Get ready and see how quickly the other nations will soon follow Britain to the table.

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