The Trump economy has been pretty unpredictable. President Donald Trump touted the start of a “golden age” upon his victory, but shortly after he was sworn into office, he enforced tariffs that caused the S&P 500 to lose almost 20% of its value in one month. “Trump Depression” became a headline until it wasn’t, as the S&P 500 closed the year up by 18% as Trump walked back on some of the tariffs.
Then, the president initiated a conflict with Iran that caused the Strait of Hormuz blockade. Oil went parabolic and is still up by more than 50% year-to-date, threatening a stock market crash and global depression. There was plenty of chatter about $200 for a barrel of oil, but tensions appear to have cooled off for now.
