With the proposed tariffs on European products and services—which will inevitably be met with retaliation—we could see a significant shift in European consumer behavior. Tesla has already taken a big hit in Europe. Ford, Nike, and Apple may be next. Time to go long on Samsung and Adidas?

it would be naive to assume that the overall direction of the U.S. will change dramatically in the next 5-10 years. The MAGA movement’s takeover of the Republican Party reflects a long-term shift toward stronger nationalism and trade protectionism.