...For now, Trump’s “America First” policies have put the country last - at least in terms of stock market performance. The S&P 500 has dropped 10 percent since Inauguration Day, as the Trump administration’s policies are widely feared to drive up inflation, erode consumer confidence and ultimately cause a recession. When asked about the stock market fallout and the warnings of economists, administration officials keep repeating that Trump’s policies will eventually make America great again and that every American will profit in the long term. People tend to be rather impatient when they see their retirement savings melt like ice cream in the sun, however, which is why it will be interesting to see if and when some of Trump’s supporters will sour on the president and his protectionist policies.
