Investors want Mr. Trump to claim victory in the trade talks with China. Most investors felt the pain of Trump’s tariffs and his economic missteps. Soybean farmers felt the pain when China stopped buying soybeans from the U.S. thanks to lower prices in Brazil and Argentina.
Corn farmers face the same fate, according to economists. Mr. Trump claims his tariffs work, but consumers say his tariffs work on the wrong people. China doesn’t pay the additional tariffs. American consumers pay them.
Shervin Pishevar, the angel investors who gave startups like Uber, Warby Parker, Postmates, and Airbnb a chance to show how new technology changes the retail climate knew Trump’s economic agenda wasn’t the answer. In 2018, Pishevar went on a day-long Twitter Trump attack, but he never mentioned his name.
Shervin Pishevar knew the stock market had a tax cut high, and bond market yields were too close. Mr. Pishevar predicted the December 2018 stock market meltdown in March 2018. And he told investors the bond market yields would not give them protection when the market takes another major dive.
Silicon Valley was another thorn in Shervin Pishevar’s side in 2018. Although he cut his investment teeth in Silicon Valley, he told his followers Silicon Valley was ancient history in terms of being the startup capital of the world. Plus, he didn’t hesitate when he warned investors about the cryptocurrency market. According to Shervin Pishevar, no investment class is safe while Trump is in the White House.
But most investors wrote Pishevar off when he resigned as CEO of his hedge fund, Investment company . Shervin decided to assess the market for a couple of months before he went on his Twitter extravaganza. He knew Trump didn’t understand the global market, and he didn’t understand how damaging tariffs can be on Gross Domestic Product growth.
More investors listen to Shervin Pishevar now. They know the bear market is around the corner, and Trump’s trade agreement with China won’t help them. The economy isn’t as strong as the Commerce Department claims. Misleading information always makes investing a challenge.