Smith: We’ve ‘Barely Started’ Trade War, ‘Delusional’ That Rates will Fall

Dean Smith says the trade deal announcement doesn’t change very much, since details are so thin on the ground. “[The tariff war] has just barely started…This is the new normal we have to get used to.” He expects rates to climb over the next few years and thinks investors should reduce their exposure to interest rate volatility. Dean calls the idea that the Fed will cut rates this year “delusional.”

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