It surprised me how few people talk about the impact that trump actions bring to the stock market.
It should be clear to everyone that it will hurt all allies, but it would be most painful for US, and in fact you can already see from the stock market.
- YTD $SPY5 (+0.63%) down 1.16% (S&P500)
- YTD $VEUR (+0.67%) up 13% (Europe ETF)
both above are nominated in US dollars.
There are only 2 countries that can gain from trade wars and it is China, and russia.
I think nobody expects it when trump was elected but it is the reality that we are currently living.
As for me, I decided already month ago that from now on I will invest only in EU stocks and ETF (plus I will use dollars I already have in my account), but I'm curious how you all see this and when the market will be more calm again.
As a bonus as EU citizen I feel that US betrayed us and shouldn't be trusted any longer for some unknown period of time.
