Fund Managers Fear Trump’s Lack of Tariff Plan, Question His Sanity
President Trump’s fluctuating trade policies, including significant tariff increases followed by a 90-day pause (excluding China), caused extreme volatility in financial markets. Fund managers expressed concern over the perceived irrationality of these decisions, questioning whether ideology or even mental health played a role. This volatility risked triggering a recession, a concern echoed by JP Morgan Chase CEO Jamie Dimon, prompting Trump’s reversal. The subsequent pause, attributed to “good faith conversations” with several countries, led to a market surge.
John Q. Hosedrinker