Peter Navarro, former President Donald Trump’s top trade advisor, has been in the news a lot lately. Despite the current economic climate which is experiencing significant turbulence, he insists that it is still a fabulous time to invest out there. Navarro was too busy trying to score major victory lap headlines after the recent panic selloff steeped markets by roughly 20%. He called the drop “no big deal” and encouraged Americans to start investing in stocks.
Navarro conceded that the economy is facing some potential recessionary pressures. He thinks coming U.S. tax cuts and smart, bilateral trade deals will shore up market performance. He stated that the planned tax cuts represent “the biggest, broadest tax cut in American history,” predicting that these changes will drive up share prices significantly.
Let me just say, ninety deals in ninety days, biggest, broadest tax cut in American history should be driving the tape, Navarro emphasized during his appearance. He posted an article that claimed people who lost money on stocks have suffered just “paper losses.” He highlighted the idea that patience is indeed key in this uncertain and volatile market.
In his comments, Navarro specifically picked on JPMorgan Chase CEO Jamie Dimon. He chided Dimon for complaining about the state of the markets. He remarked, “Jamie Dimon, while he’s wringing his hands about all this, his firm made out like bandits trading on the volatility.” Now market analysts are raising alarms. They contend that it is the biggest financial institutions that have been able to gain a disproportionate advantage from volatility in the markets.
Navarro expressed a commitment to protecting the interests of everyday investors, stating, “I’d rather have mom and pop have a solid portfolio than Jamie Dimon have another billion dollars.” He called on individual investors to be patient amid the turbulence. He urged them not to allow themselves to be panicked into submission by the pressure of bigger companies. “The small investor needs to just sit tight, not panic, and don’t let these big firms shake you out,” he advised.
Navarro focused on the immense competitive challenges that the U.S. lies under in today’s landscape of the world economy. He expressed alarm, for example, at continued inflation and skyrocketing fiscal deficits. Still, he had high hopes that the benefits of tax reform and deregulation would more than make up for these concerns. The truth, he vigorously insisted, is that all market participants need to have faith in the Trump administration’s economic team. He described it as “the best ever, in history.”
“America should trust in Trump. The market should trust in Trump and not get these weak knees because this is going to be bullish,” said Navarro, reinforcing his belief in the administration’s economic policies.
Navarro’s predictions extended to expected market increases from finalized trade agreements with countries seeking to escape stiff tariffs. He speculated these agreements could lead to more favorable terms for U.S. businesses and prop up stock prices even more.
Or, as they say on Wall Street, if you’re not long, you’re getting short. But despite the gloomy picture, he warned investors—advising them to “buy American,” and helping them find attractive opportunities amid this volatile period.
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