In April, President Donald J. Trump rolled out his audacious America First trade agenda, providing what can only be described as a motivational speech for the economically wary: “Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN … Be Strong, Courageous, and Patient, and GREATNESS will be the result!”

Once again, President Trump may have struck a chord.

• Wall Street is buzzing with excitement as stocks soar to new heights. Major financial institutions like JPMorgan Chase, Goldman Sachs, Citigroup, Deutsche Bank, UBS Global Wealth Management, and Barclays have all revised their S&P 500 Index targets upward, anticipating continued record-breaking gains.
• Consumer confidence is on the upswing. With core inflation dropping to its lowest point since March 2021, fears of rising prices have “entirely faded,” as Americans display a growing sense of optimism about the economic landscape.
• Predicted price increases have yet to appear. Recent studies reveal that the costs of imported goods have actually decreased more rapidly than overall goods prices, supporting the notion that tariffs have had minimal impact on consumer prices.
• In every conceivable way, President Trump is presiding over a remarkable economic rebound. Job creation has consistently exceeded forecasts for four consecutive months, gas prices are at their lowest level in four years, and wage growth for blue-collar workers has reached its highest point in nearly six decades.

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