“Either the entire street is wrong, or the good times will continue to roll.”

So said a top hedge fund manager, remarking recently to On The Money about the weird disconnect he’s seeing lately in how the market is pricing in Trump’s trade war .

What surprised him is the latest iteration of the market zig-zagging is that after freaking out, investors appear to be pricing in the Trump tariffs as a big bowl of nothing. 4

The recent maybe irrational exuberance comes even as Trump keeps throwing fuel on the tariff fire.

After pausing them on the world, including the most draconian levies on China, which supplies the US with cheap goods and keeps our inflation rate stable, he just blurted out that he’s doubling tariffs on steel and aluminum .

The market didn’t tank as it did duri

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