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In early June 2018, the Trump Administration imposed tariffs on steel and aluminum exports from three of its closest trading allies – Canada, Mexico, and countries in the European Union.
And the trade war began.
Ten years after the global financial crisis tipped the U.S. into a recessionary nightmare, Congress agreed to free small and medium sized banks from rules that were a bit too strict. In fact, in a rare show of bipartisanship, the House voted 258-159 to approve a rollback on Dodd-Frank rules.
Days later, President Trump signed it into law.
In May 2018, the Russell 2000 hit another all-time high.
In fact, it broke to a high of 1,627.77 at the time with some analysts arguing for 1,800 by year-end.
All as small cap stocks sharply outperformed their large cap counterparts.
When you listen to Warren Buffett speak, you can always take away a few words of wisdom.
It’s nearly impossible not to.
With a fortune of $83.5 billion, and a company that’s generated a 20.9% annual return, as compared to the S&P 500’s 9.9% return between 1965 and 2017, he’s worth listening to.