ValueSide

On Friday, June 13 (remember the Jewish day begins at sundown), Israel attacked Iran. In an audacious move, the IDF managed to hit selected nuclear enrichment facilities, as well as assassinate several Iranian military leaders and atomic scientists. The back-and-forth volley of ballistic and hypersonic missiles, as well as drones and fighter jets, continues, with both sides indicating that this will be a long war lasting many days and perhaps weeks.

On Friday, June 13 (remember the Jewish day begins at sundown), Israel attacked Iran. In an audacious move, the IDF managed to hit selected nuclear enrichment facilities, as well as assassinate several Iranian military leaders and atomic scientists. The back-and-forth volley of ballistic and hypersonic missiles, as well as drones and fighter jets, continues, with both sides indicating that this will be a long war lasting many days and perhaps weeks.

Today, we'll take a bird's-eye view of the economy to gain perspective on President Trump's Economic Policies in light of the Administration's Budget Proposal, the “Big, Beautiful Bill, now being debated in the US Senate.

Today, we'll take a bird's-eye view of the economy to gain perspective on President Trump's Economic Policies in light of the Administration's Budget Proposal, the “Big, Beautiful Bill, now being debated in the US Senate.

Today, we'll take a bird's-eye view of the economy to gain perspective on President Trump's Economic Policies in light of the Administration's Budget Proposal, the “Big, Beautiful Bill, now being debated in the US Senate.

Today, we'll take a bird's-eye view of the economy to gain perspective on President Trump's Economic Policies in light of the Administration's Budget Proposal, the “Big, Beautiful Bill, now being debated in the US Senate.

On April 2, 2025, “Liberation Day,” President Donald J. Trump presented the world with his list of tariffs to be applied to virtually all nations. This was the climax of a process that he had begun a couple of weeks before. He aimed to reduce the annual trade deficit that the United States has endured for years.

On April 2, 2025, “Liberation Day,” President Donald J. Trump presented the world with his list of tariffs to be applied to virtually all nations. This was the climax of a process that he had begun a couple of weeks before. He aimed to reduce the annual trade deficit that the United States has endured for years.

On April 2, 2025, “Liberation Day,” President Donald J. Trump presented the world with his list of tariffs to be applied to virtually all nations. This was the climax of a process that he had begun a couple of weeks before. He aimed to reduce the annual trade deficit that the United States has endured for years.

On April 2, 2025, “Liberation Day,” President Donald J. Trump presented the world with his list of tariffs to be applied to virtually all nations. This was the climax of a process that he had begun a couple of weeks before. He aimed to reduce the annual trade deficit that the United States has endured for years.

For most of us, COVID feels like a thousand years ago. Vague memories of lockdowns, social distancing, and mask-wearing haunt our memories. Something we would as soon forget. However, for the financial world, the lingering effects of COVID remain very real, impacting our finances daily.

For most of us, COVID feels like a thousand years ago. Vague memories of lockdowns, social distancing, and mask-wearing haunt our memories. Something we would as soon forget. However, for the financial world, the lingering effects of COVID remain very real, impacting our finances daily.

For most of us, COVID feels like a thousand years ago. Vague memories of lockdowns, social distancing, and mask-wearing haunt our memories. Something we would as soon forget. However, for the financial world, the lingering effects of COVID remain very real, impacting our finances daily.

For most of us, COVID feels like a thousand years ago. Vague memories of lockdowns, social distancing, and mask-wearing haunt our memories. Something we would as soon forget. However, for the financial world, the lingering effects of COVID remain very real, impacting our finances daily.

Some of your actions have confused me lately. Three times, I've voted for “Trump for President,” and I thought I had a pretty good idea of your finances. However, recently, it's become apparent that you may be experiencing some financial difficulties and are compelled to take up some part-time work.

Some of your actions have confused me lately. Three times, I've voted for “Trump for President,” and I thought I had a pretty good idea of your finances. However, recently, it's become apparent that you may be experiencing some financial difficulties and are compelled to take up some part-time work.

Some of your actions have confused me lately. Three times, I've voted for “Trump for President,” and I thought I had a pretty good idea of your finances. However, recently, it's become apparent that you may be experiencing some financial difficulties and are compelled to take up some part-time work.

Some of your actions have confused me lately. Three times, I've voted for “Trump for President,” and I thought I had a pretty good idea of your finances. However, recently, it's become apparent that you may be experiencing some financial difficulties and are compelled to take up some part-time work.

Over the weekend, Treasury Secretary Bessent and President Trump suggested that the solution to Walmart's higher prices is simply to have Walmart pay for the new tariffs.

Over the weekend, Treasury Secretary Bessent and President Trump suggested that the solution to Walmart's higher prices is simply to have Walmart pay for the new tariffs.

Over the weekend, Treasury Secretary Bessent and President Trump suggested that the solution to Walmart's higher prices is simply to have Walmart pay for the new tariffs.

Over the weekend, Treasury Secretary Bessent and President Trump suggested that the solution to Walmart's higher prices is simply to have Walmart pay for the new tariffs.

We are the world champions in consumption, mainly due to an outstanding group of retailers that serve our every need. Names like Walmart, Target, and Home Depot provide us with the goods and products that are the envy of the world.

We are the world champions in consumption, mainly due to an outstanding group of retailers that serve our every need. Names like Walmart, Target, and Home Depot provide us with the goods and products that are the envy of the world.

We are the world champions in consumption, mainly due to an outstanding group of retailers that serve our every need. Names like Walmart, Target, and Home Depot provide us with the goods and products that are the envy of the world.

We are the world champions in consumption, mainly due to an outstanding group of retailers that serve our every need. Names like Walmart, Target, and Home Depot provide us with the goods and products that are the envy of the world.

However, for many, life comes with a different perspective, a unique way of seeing things. For the 1.4 billion Catholics around the world, all that came into focus yesterday, May 8. The College of Cardinals elected a new Pope, Pope Leo XIV.

However, for many, life comes with a different perspective, a unique way of seeing things. For the 1.4 billion Catholics around the world, all that came into focus yesterday, May 8. The College of Cardinals elected a new Pope, Pope Leo XIV.

However, for many, life comes with a different perspective, a unique way of seeing things. For the 1.4 billion Catholics around the world, all that came into focus yesterday, May 8. The College of Cardinals elected a new Pope, Pope Leo XIV.

However, for many, life comes with a different perspective, a unique way of seeing things. For the 1.4 billion Catholics around the world, all that came into focus yesterday, May 8. The College of Cardinals elected a new Pope, Pope Leo XIV.

It's been a month since “Liberation Day,” the day that President Donald J. Trump announced that we would emerge from the oppression of foreign manufacturing. For years, the President declared, we've been “ripped off” by the Chinese and others who have moved American jobs to their shores, producing the goods and products that you and I consume daily.

It's been a month since “Liberation Day,” the day that President Donald J. Trump announced that we would emerge from the oppression of foreign manufacturing. For years, the President declared, we've been “ripped off” by the Chinese and others who have moved American jobs to their shores, producing the goods and products that you and I consume daily.

It's been a month since “Liberation Day,” the day that President Donald J. Trump announced that we would emerge from the oppression of foreign manufacturing. For years, the President declared, we've been “ripped off” by the Chinese and others who have moved American jobs to their shores, producing the goods and products that you and I consume daily.

It's been a month since “Liberation Day,” the day that President Donald J. Trump announced that we would emerge from the oppression of foreign manufacturing. For years, the President declared, we've been “ripped off” by the Chinese and others who have moved American jobs to their shores, producing the goods and products that you and I consume daily.

Relatively few investors are day traders, yet most of the technical market indicators are computed daily. This leads to a very myopic perspective — it's like driving a car with a microscope. You'll eventually see the oncoming traffic, but it may be after you crash.

Relatively few investors are day traders, yet most of the technical market indicators are computed daily. This leads to a very myopic perspective — it's like driving a car with a microscope. You'll eventually see the oncoming traffic, but it may be after you crash.

Relatively few investors are day traders, yet most of the technical market indicators are computed daily. This leads to a very myopic perspective — it's like driving a car with a microscope. You'll eventually see the oncoming traffic, but it may be after you crash.

Relatively few investors are day traders, yet most of the technical market indicators are computed daily. This leads to a very myopic perspective — it's like driving a car with a microscope. You'll eventually see the oncoming traffic, but it may be after you crash.

For over half a century, China has produced items that American consumers want to buy, from early, inexpensive toys and gadgets to today's high-tech personal computers, smartphones, and advanced equipment and machinery.

For over half a century, China has produced items that American consumers want to buy, from early, inexpensive toys and gadgets to today's high-tech personal computers, smartphones, and advanced equipment and machinery.

For over half a century, China has produced items that American consumers want to buy, from early, inexpensive toys and gadgets to today's high-tech personal computers, smartphones, and advanced equipment and machinery.  

For over half a century, China has produced items that American consumers want to buy, from early, inexpensive toys and gadgets to today's high-tech personal computers, smartphones, and advanced equipment and machinery.

For over a millennium, the Chinese Merchant has been the most revered and feared force in the Far East. They are revered for their wide array of trade goods and products, but feared as agents of control and subjection. Throughout Southeast Asia, China exerted its political control over countries like Korea and Vietnam by first using humble Merchants to infiltrate each society.

For over a millennium, the Chinese Merchant has been the most revered and feared force in the Far East. They are revered for their wide array of trade goods and products, but feared as agents of control and subjection. Throughout Southeast Asia, China exerted its political control over countries like Korea and Vietnam by first using humble Merchants to infiltrate each society.

For over a millennium, the Chinese Merchant has been the most revered and feared force in the Far East. They are revered for their wide array of trade goods and products, but feared as agents of control and subjection. Throughout Southeast Asia, China exerted its political control over countries like Korea and Vietnam by first using humble Merchants to infiltrate each society.

For over a millennium, the Chinese Merchant has been the most revered and feared force in the Far East. They are revered for their wide array of trade goods and products, but feared as agents of control and subjection. Throughout Southeast Asia, China exerted its political control over countries like Korea and Vietnam by first using humble Merchants to infiltrate each society.

What is apparent is that the price of many of the products and goods we rely on will have substantially higher costs, resulting from increasing tariffs. Or, in the most extreme cases, it may not be available at all. Potential shortages should be our primary focus.

What is apparent is that the price of many of the products and goods we rely on will have substantially higher costs, resulting from increasing tariffs. Or, in the most extreme cases, it may not be available at all. Potential shortages should be our primary focus.

What is apparent is that the price of many of the products and goods we rely on will have substantially higher costs, resulting from increasing tariffs. Or, in the most extreme cases, it may not be available at all. Potential shortages should be our primary focus.

What is apparent is that the price of many of the products and goods we rely on will have substantially higher costs, resulting from increasing tariffs. Or, in the most extreme cases, it may not be available at all. Potential shortages should be our primary focus.

It's easy for Investment outsiders to underestimate the pressure to perform on Wall Street. From the largest Mutual or Hedge Fund Manager (with the greatest AUM) to the lowest regional Stock Broker, the demand to produce solid returns year after year is intense. It's the reason many financial professionals hang up their careers prematurely.