Wall Street Journal: “President Trump is still issuing tariff threats, consumer spending is weakening, and the Mideast is in turmoil. So why did the S&P 500 hit a record high Friday?”
“Investors may not think the economy is taking off, but they are probably relieved that the worst-case scenarios feared in recent months haven’t come to pass. Trump’s tariffs, deportations, and cuts to the federal bureaucracy have bent the economy but haven’t broken it.”
CNN: Trump’s trade deals are stalling out at the worst possible time.