Investors seem to be overlooking serious threats to the U.S. economy related to the Iran war and tariffs.
Key Points
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President Trump’s decision to launch military operations in Iran has led to the largest oil supply disruption in history, and U.S. gasoline prices have increased 60% year to date.
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CPI Inflation measured 3.3% in March, the highest level in two years, and inflation is likely to accelerate further as elevated energy prices filter through the economy.
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Trump’s tariffs have coincided with the weakest GDP and jobs growth since the pandemic, and trade investigations will likely lead to new tariffs this summer.
