Happy Fourth, Donald Trump !!
Author: Greg Valliere
July 3, 2019
THIS FOURTH OF JULY will be different from all the rest, politicized and way over-the top. Donald Trump, far more calculating than his detractors realize, is counting on a spectacular show that will bolster his chances of emulating Ronald Reagan, who rebounded from a rocky start and rode a solid economy to re-election against Democrats who were viewed as out of the mainstream.
REAGAN WAS A HUMBLE MAN, of course, never given to boasting or bombast. But he brilliantly used a simple phrase — “It’s Morning in America” — which sounds familiar, doesn’t it?
TRUMP’S NEW PHRASE is “Keep America Great,” and we’ll see what happens, as he often says. He’s off to a good start, beginning with the photo op at the Korean demilitarized zone, so now we’ll wait for Friday’s jobs report, the July 17 Mueller hearing, the Trump tax records, the budget brawl, and so forth.
AIR POCKETS LOOM THIS FALL, but as for tomorrow, everyone will be intently watching this outside-the-box president; he’s the greatest show on earth — and make no mistake, that is ALWAYS his goal. The fireworks, the jets and the tanks will be props.
WE’RE EXPECTING THE USUAL DERISION of Trump tomorrow from the intelligentsia, but no one can take this away from him: he controls the spotlight, he sets the news cycle, he has an iron grip on his party, and he’s the early favorite to win re-election. It’s impossible to avert our eyes from this spectacle — and we’ll be glued to the coverage, as usual, tomorrow night.
* * * * *
THIS EXCITEMENT gives us the opportunity for a four-day weekend — back on Monday with our take on what should be a very interesting second half. Happy Fourth !!
The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), Highstreet Asset Management Inc. (Highstreet), AGF Investments America Inc. (AGFA), AGF Asset Management (Asia) Limited (AGF AM Asia) and AGF International Advisors Company Limited (AGFIA). AGFA is a registered advisor in the U.S. AGFI and Highstreet are registered as portfolio managers across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. AGF AM Asia is registered as a portfolio manager in Singapore. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
For further information, please visit AGF.com.
© 2019 AGF Management Limited. All rights reserved.