Davos Report: President Trump Offers American “Friendship & Partnership”
- President Trump lauded investing in the US to international companies
- Buying momentum running high as investors look to keep The Trump Rally going
- Currently, the S&P 500 futures Vs fair value: +10.00. NAS Comp futures Vs fair value: +36.30.
Friday, US President Donald Trump offered “America’s friendship and partnership” to the world in his in his invited appearance before the global business elite in Davos.
He said loud and clear “America First does not mean America alone.”
“The world is experiencing the resurgence of a strong and prosperous America. America is open for business and we are competitive once again,” he added in his Keynote speech to the World Economic Forum (WEF).
President Trump told the audience of politicians and leaders of industry, technology and finance that the United States is more attractive than ever to foreign investment under his Presidency than it has been in decades
He warned, “We cannot have free and open trade if some countries exploit the system at the expense of others.
“We support free trade but it needs to be fair and it needs to be reciprocal. The United States will no longer turn a blind eye to unfair economic practices.”
The International Monetary Fund this week acknowledged President Trump’s recent tax cuts were a reason it had lifted its forecast for US economic growth this year to 2.7 – 3.0%.
His presence shocked and divided participants at Davos, which is a salute to globalism by some of the world’s financial and government elite, and of course President is the America First nationalist.
Wall Street bankers and business executives embraced President Trump, who late last year signed into law a drastic reduction of the US corporate income tax rate. He has also shredded Hussein Obama-era anti-business regulations that are burdensome to companies.
“What I’m bulled up about is that policy makers are making good policy decisions in the US,” JPMorgan Chase & Co. CEO Jamie Dimon said.
President Trump invited business leaders in the audience to invest in the US
“There has never been a better time to hire, to build, to invest and to grow in the United States,” he is set to say. “America is open for business and we are competitive once again.”
The take-a-way: Align or be left Behind.
President Trump’s America First and MAGA policies are working.
Have a terrific weekend.