by Jason Bodner
May 13, 2025
My bold take: Donald Trump is the world’s greatest entertainer.
Love him or loathe him, the Commander in Chief takes up as much media oxygen as he can.
Every. Single. Day.
Case in point: There is a new Pope: Robert Prevost, Pope Leo XIV.
Even after that stunning announcement for the Catholic world (estimated 1.4 billion people) was made public, Trump (leading 340 million Americans, one-fourth as many people) still stole some spotlight.
A satire publication, The Onion, took a seeming shot at Trump in their depiction of the event:
All across the Internet, the new Pope’s spotlight was constantly being overshadowed by the President.
Trump gives the world something to talk, argue, and debate about – and many things to agonize over. But that’s his M.O.: He uses confusion and conflict as a vehicle for the world to focus on the issues he wants them to focus on. Often his comments are a distraction, and he is a master at it. He drags everyone into his fight. I’m not here to take sides. What I am here to do is analyze markets. And markets are speaking:
To me, markets are saying, “We will come out fine on the other side. The trade war will all be resolved.”
Here’s why:
As one of the lone bulls during the recent meltdown, I fore-casted a market low on April 1st. I apologize for being so off the bottom, which occurred a week later, on April 8th. Since then, the SPY (the S&P 500 tracking ETF) showed a peak rally of 14.2% on May 2nd. Not too shabby, considering the market reaction to Trump’s Rose Garden Liberation Day announcement was so chaotic. I went back to look at all the times since 1993 (when SPY began trading) that the same thing happened: up 14%+ trough to peak within 18 trading days. It occurred 27 times in 32 years. The resulting numbers speak for themselves:
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