As always there are two sides to stories and one side to facts. The fact of the matter is that the narrative of Trump’s tax cuts being aimed at millionaires and billionaires couldn’t be further from the truth.
With approximately 90% of consumer electronics purchased within the United States having a tie to China somewhere during the manufacturing process – there's no category of goods more impacted by tariff exemptions than this one.
One of my themes for the current cycle has been perspective being key. The cause for this round of bear market activity wasn't underlying weakness in the economy but instead a reset of global trade policy.
While the current incarnation of time changes was mandated federally in 1974, the process of time changes was first established under federal law in The Uniform Time Act of 1966.