During a heated exchange on CNBC, Joe Kernen challenged Trump adviser Peter Navarro regarding the administration's trade policy and the resultant market instability. Despite fears of a recession following recent sweeping tariffs imposed by President Trump, Navarro remained optimistic about the economic outlook. He referenced a prior prediction about the Dow reaching 25,000 and expressed confidence that it would soon hit 50,000, arguing that the anticipated significant tax cuts would counteract any recession concerns, urging investors to remain calm amidst market fluctuations.
What I'm seeing, Joe is a beautiful situation where we will hit fifty thousand on the Dow and we're gonna have a broad-based recovery in the S&P 500.
Any discussion of recession seems silly when you factor that in. Plus the fed, the fed is not going to do its job but the long bond is doing it.
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