In yesterday’s commentary, which was prepared earlier in the week, I proposed looking at the estimated tariff shock as equivalent to a new $2/gallon gas tax.
As new tariff announcements have been made through this week, however, that estimate now appears to be too low.
I am traveling to Leen’s Lodge for Camp Kotok next week. I paused yesterday in Bucksport, Maine, looking across the water at Fort Knox (a Civil War-era fort), to comment on the evolving tariff shock in a Kotok Quick Take.
We discussed the midterms and Maine’s 2nd Congressional District on Sept 22. This is the second commentary on midterms as part of a series.
We examine a possible trade. Consult your adviser about details and decisions. This missive is an opinion and is not investment advice.
The revocation of Temporary Protected Status for Haitian immigrants is hitting Florida the hardest. Will the midterms reveal a voter rejection of this policy?
Oil prices may be spiking now, but the futures market is pricing a decline.
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