When President Donald J. Trump unveiled his historic America First trade agenda in April, he offered some free advice: “Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN … Be Strong, Courageous, and Patient, and GREATNESS will be the result!”
President Trump was right (again).
- Wall Street sentiment is surging as the stock market reaches new record highs. JPMorgan Chase & Co., Goldman Sachs, Citigroup, Deutsche Bank, UBS Global Wealth Management, and Barclays have all elevated their S&P 500 Index year-end targets — now predicting record gains to continue.
- Consumer outlook is on the rise. With core inflation at its lowest level since March 2021, expectations for an inflation spike have “completely receded” as Americans grow increasingly confident about the economic outlook.
- Price hikes never materialized. A new study found that prices for imported goods have actually declined faster than prices for overall goods — confirming that tariffs have had little effect on prices.
- By all metrics, President Trump is overseeing another economic boom. Jobs numbers have trounced expectations for four straight months, gas prices remain at their lowest level in four years, and blue-collar wage growth has seen the largest increase in nearly 60 years.
