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      Trump is ‘fully fit’ and manages high cholesterol, says White House physician

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      Donald Trump – the oldest person to ever be elected US president – controls high cholesterol with medication and has elevated blood pressure but is “fully fit”, White House physician Sean Barbella said in a report released on Sunday.The US navy captain’s report was published two days after Trump underwent a routine physical. It also said he was up to date on all recommended vaccines – despite his national health secretary Robert F Kennedy Jr having spent years sowing doubt about the safety and efficacy of vaccination.Trump himself has previously spread debunked claims about links between vaccines and autism often invoked by Kennedy.Barbella’s report is the most detailed information on the health of Trump, 78, since he returned to the White House in January for a second presidency.“President Trump exhibits excellent cognitive and physical health and is fully fit to execute the duties of the Commander-in-Chief and Head of State,” Barbella wrote in his report.The report noted that Trump’s high cholesterol is “well-controlled” with two medications addressing it.The medicines are rosuvastatin and ezetimibe, generic names of the branded drugs Crestor and Zetia. They have improved Trump’s cholesterol over time.Ideally, total cholesterol should be less than 200. At his physical in January 2018, his total cholesterol was 223. In early 2019, the reading came in at 196 and it stood at 167 in 2020. In Sunday’s report, it was listed as 140.Trump’s blood pressure was 128 over 74. That is considered elevated. And people with elevated blood pressure are likely to develop high blood pressure – or hypertension – unless they take steps to control the condition.The report also noted that Trump has scarring on his right ear, the result of a gunshot wound he suffered when a would-be assassin fired at him during a campaign rally in Pennsylvania last year.A secret service sniper killed the attacker, who fatally shot one spectator while wounding two others.Barbella’s report also references Trump’s history with Covid-19. Trump was hospitalized during a serious bout with the virus in October 2020 during a run for re-election that ended in defeat to Joe Biden.Amid questions about his age and mental acuity, Biden then dropped out of an electoral rematch with Trump in November 2024 and endorsed his vice-president, Kamala Harris, to succeed him. Trump won the popular and electoral votes against Harris to return to the presidency.skip past newsletter promotionafter newsletter promotionAfter the exam preceding the report, Trump told journalists on Air Force One: “It went, I think, well … Every test you can imagine, I was there for a long time, the yearly physical.“I think I did well.”Trump also told reporters he took a cognitive test. Barbella’s report gave Trump a 30 out of 30 on what is known as the Montreal Cognitive Assessment.The screening takes about 10 minutes to administer, according to information online. One version available online asks those undergoing the screening to draw a clock, repeat words, name animals and count backwards from 100 at intervals of seven, among other tasks.Trump’s resting heart rate was 62 beats per minute, in line with previous tests. A normal resting heart rate for adults ranges from 60 beats to 100 beats per minute. And generally, a lower rate implies better cardiovascular fitness.Reuters and the Associated Press contributed reporting More

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      US stock markets expected to recover after Trump drops tariffs on mobiles

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      US stock markets were expected to stage a recovery on Monday after Donald Trump excluded imports of smartphones and laptops from his tariff regime late on Friday night.Shares in Apple and chip maker Nvidia were on course to soar after tariffs on their products imported into the US were lifted for 90 days.The temporary reprieve was widely seen as a climbdown after pressure from Republican leaders concerned that the soaring cost of smartphones would spark a voter backlash. US retailers import about 80% of all smartphones, many of them from China, which Trump has slapped with tariffs totalling 145%.US Customs and Border Protection said items like laptops, hard drives, smartphones, flat-panel monitors and some chips would qualify for the exemption. Vital machines made outside the US that are used to make semiconductors were also excluded.It means these products will avoid the China tariff and the 10% baseline tariffs applied on other countries caught by the new regime.Speaking on Air Force One on Saturday evening, Trump said he would be more specific about the latest exemption rules on Monday. “We’ve been making a lot of money,” he said. “It’s been the other way around. Other countries, in particular China was making a lot of money.”It is not clear how long the exemption will last or whether separate tariffs will be negotiated on the specific products.China has responded with a tariff on all US exports of 125%. Beijing said at the weekend that the reprieve for smartphones was a “small step” toward easing the trade fight between the world’s two biggest economies.skip past newsletter promotionafter newsletter promotionHowever, the US commerce secretary, Howard Lutnick, said the reprieve was likely to be lifted in 90 days and reiterated Trump’s longstanding plan to apply a different, specific levy to the sector.Speaking on NBC, he said: “All those products are going to come under semiconductors, and they’re going to have a special focus-type of tariff to make sure that those products get reshored. We can’t be relying on China for fundamental things that we need.”Lutnick dismissed interpretations of Trump’s reprieve that argued it reflected the president’s realisation that his China tariffs were unlikely to shift more manufacturing of smartphones, computers and other gadgets to the US in the near future.On Sunday Trump warned that no country would be getting “off the hook” on his punishing tariffs, again singling out China for criticism. “NOBODY is getting ‘off the hook’ for the unfair Trade Balances,” Trump wrote in a post on his Truth Social platform. “Especially not China which, by far, treats us the worst!”Apple has spent decades building up a finely tuned supply chain in east Asia, including inside China. The firm has pledged to move some facilities back to the US over the next four years, which will cost it $500bn, including constructing a giant factory in Texas for artificial intelligence servers but was expecting to retain much of its international network as it expands its sales.Trump’s move at the start of April to impose tariffs on imports to the US battered the stocks of tech’s magnificent seven – Apple, Microsoft, Nvidia, Amazon, Tesla, Google parent Alphabet and Facebook parent Meta Platforms.At one point, they lost $2.1tn, or 14% of their value, from 2 April. Shares have recovered since last Wednesday after Trump paused the tariffs except on China, allowing tech firms to use India and other conduits to import smartphones. More

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      Civilian deaths in Sumy attack may force Washington to get tough with Putin

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      Even by the warped standards of wartime, Russia’s Sunday morning attack on Sumy was astonishingly brazen. Two high-speed ballistic missiles, armed, Ukraine says, with cluster munitions, slammed into the heart of the border city in mid-morning as families went to church, waited for a theatre performance or were simply strolling about on a mild spring day.The death toll currently stands at 34, including two children. Images from the scene show bodies or body bags on the ground, a trolley bus and cars burnt out, rubble and glass scattered around. It was reckless, cruel and vicious and its consequences entirely predictable to those who gave the order and pressed “launch”.To contemplate a daytime city-centre attack, in the full knowledge that civilians will be present, reflects a Russian culture of impunity that has been allowed to endure without effective challenge. Nevertheless, Washington’s approach, under Donald Trump, has been to try to negotiate an end to the war by talking directly with Moscow, while remaining mostly silent on Russian attacks on civilians.Talks between the US and Russia have continued unabated over the past two months at a time when Russian attacks on Ukraine’s cities appear to have stepped up. Nine adults and nine children were killed when a Russian ballistic missile using cluster bombs struck a children’s playground in Kryvyi Rih at the end of last week.People were burned alive in their cars and the bodies of children were found dead in the playground, yet the attack was weakly condemned by the US ambassador to Ukraine, Bridget Brink, who, toeing the White House line, would not say the deadly missile was from Russia as she tweeted: “This is why the war must end.”Brink has since announced she will step down and been more forthright. On Sunday, the ambassador attributed the Sumy attack to Russia and repeated that it appeared cluster bombs had been used. But now that she is on her way out, it is easier for her to speak her mind while Russia’s Vladimir Putin toys with Trump and the rest of the US administration in peace talks that have hardly developed in two months.View image in fullscreenOn Friday, the Russian leader spent four hours in talks with Steve Witkoff, a donor real estate developer who has become a key Trump adviser on Ukraine as well as the Middle East. What they talked about is unclear, but reports suggest Witkoff has been pushing the idea that the quickest way to get Russia to agree a ceasefire in Ukraine is to force Kyiv to hand over the entirety of four provinces that are only partly occupied by Russia’s military, including the cities of Kherson and Zaporizhzhia.The dissonance between the killing and destruction in Sumy on Sunday and the photographed handshake between Witkoff and Putin is all too evident to most observers. It is not clear why it should even be contemplated that Ukraine hand over territory (something that even the US cannot easily force on Kyiv) when Russia is willing to countenance daytime attacks on civilians.skip past newsletter promotionafter newsletter promotionBut Moscow believes, and acts like it believes, it can get away with it. The Kremlin will ignore condemnation from European leaders and wait for the news cycle to move on – and will almost certainly continue to attack Ukrainian cities to little military purpose. Not only are drone attacks commonplace, but there are now concerns they are routinely being armed with cluster munitions, while almost every day one or two hard-to-intercept ballistic missiles are thrown into the deadly mix.In Kyiv, President Volodymyr Zelenskyy hopes that gradually Trump will realise Putin is not negotiating in good faith. Certainly, the attack on the centre of Sumy hardly suggests a strong appetite for peace. But it is unclear at what point, if any, the White House is prepared to conclude that killing of civilians means that it needs to put genuine pressure on Russia to negotiate rather than indulge the Kremlin. More

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      Democrat Gretchen Whitmer tries to distance herself from Oval Office visit

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      The Michigan governor, Gretchen Whitmer – considered to be a 2028 White House Democratic contender – was trying to distance herself from a recent Oval Office appearance alongside Donald Trump, which saw her get photographed while blocking her face with binders.Whitmer visited the Republican president on Wednesday alongside a bipartisan delegation to discuss a northern Michigan ice storm, the state’s defense assets and tariffs, among other issues. Following the meeting, Whitmer was brought into the Oval Office where she – as the New York Times described – “stood glumly” during a press conference that saw Trump sign several executive orders that targeted his political opponents.In a statement to CNN, a spokesperson for Whitmer said the governor was caught off guard by the media appearance.“The governor was surprised that she was brought into the Oval Office during president Trump’s press conference without any notice of the subject matter,” the Whitmer spokesperson said. “Her presence is not an endorsement of the actions taken or statements made at that event.”The Whitmer administration’s efforts to distance her from the press conference came after the president praised her, saying: “We’re honored to have Gretchen Whitmer from Michigan, great state of Michigan, and she’s been, she’s really done an excellent job, very good person.”The comments marked a shift from his public comments made about the governor five years ago during the Covid-19 pandemic.At the time, Trump said he had a “big problem” with the “young, a woman governor” in Michigan, adding that “all she does is sit there and blame the federal government”.Whitmer, meanwhile, blamed Trump for a failed plot to kidnap her that was devised by rightwing extremists – a case that led to nine convictions.Speaking to reporters at a college event in Michigan after Wednesday’s press conference, Whitmer said: “It was not where I wanted to be or planned to be or would have liked to have been.“I disagree with a lot of stuff that was said and the actions that were taken. But I stayed in the room because I needed to make the case for Michigan, and that’s my job.”Whitmer nevertheless has been criticized, particularly online, including for blocking her face with binders at one point during the conference while a picture was snapped.One user wrote on X: “She just stood there as he signed executive orders. Democrats, NO ONE IS COMING TO SAVE YOU.”Another person said: “One of my favorite things about things like this is that she would’ve been better off just having her photo taken. ‘(Normal) Gretchen Whitmer in the White House’ would’ve been a lot less embarrassing than ‘(Hiding) Gretchen Whitmer.’”Someone else wrote: “Is [Whitmer] hiding from the press here? Or still hiding from the people of Michigan?”Whitmer’s state is one of the most crucial electoral battlegrounds in the US.With base Democratic voters increasingly criticizing members of their party for not taking a harder line against the Trump administration, Whitmer has said publicly that she does not regard herself as “the leader of the opposition”.In January, she told the Associated Press: “I have shared with some of my colleagues from some of the very blue states that my situation here in Michigan is very different than theirs. I’ve got a Republican House of Representatives – majority-Republican House – now to work with.“I’ve got to make sure that I can deliver and work with folks of the federal government, and so I don’t view myself as the leader of the opposition like some might.”Echoing similar sentiments, Adrian Hemond, the chief executive of the political consulting firm Grassroots Midwest, recently told: “She’s been trying to work with Trump since he got back in office, which is appropriate.“She’s a swing-state governor.”Meanwhile, David Dulio, a political science professor at Michigan’s Oakland University, told the outlet: “It is more a reflection of the state of the Democratic party that a popular Midwestern governor can go to Washington, get some wins on bipartisan issues and get attacked for it by her own people.”Whitmer was first elected as Michigan’s governor in 2018 and then re-elected in 2022 by a wider margin than her first victory. More

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      Pennsylvania governor’s residence set ablaze in ‘act of arson’, police say

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      Police say a person is in custody after a suspected arson fire at the Pennsylvania governor’s mansionwhere Josh Shapiro and his family were evacuated after someone set fire to the building.No one was injured in the blaze and the fire was extinguished, authorities said.Pennsylvania state police Col. Christopher Paris identified the man in custody as Cody Balmer, 38, of Harrisburg. Paris emphasized at a Sunday afternoon news conference that the investigation is continuing.Francis Chardo, the Dauphin county district attorney, said that forthcoming charges will include attempted murder, terrorism, attempted arson and aggravated assault.Authorities said the suspect hopped over a fence surrounding the property and forcibly entered the residence before setting it on fire.The fire broke out overnight on the first night of the Jewish holiday of Passover, which Shapiro and his family had celebrated at the governor’s official residence in the state capital of Harrisburg. State police said in a statement that, while the investigation was ongoing, they were “prepared to say at this time that this was an act of arson”.In a statement, Shapiro, viewed as a potential White House contender for the Democratic party in 2028, said he and his family woke up at about 2am to bangs on the door from the Pennsylvania state police after the fire broke out.The Harrisburg bureau of fire was called to the residence and, while they worked to put out the fire, police evacuated Shapiro and his family from the residence safely, the governor said.Authorities said the fire caused a “significant amount of damage” to a portion of the residence before the blaze was extinguished.“Thank God no one was injured and the fire was extinguished,” Shapiro said in a statement.Shapiro and his family had been in a different part of the residence, police said.There was a police presence on Sunday as yellow tape cordoned off an alleyway, investigators observed the damage inside and an officer led a dog outside an iron security fence before investigators sawed off a section from the top of the security fence on the residence’s south side. They wrapped it in heavy black plastic and took it away in a vehicle.Shapiro splits his time between the mansion that has housed governors since it was built in the 1960s and a home in Abington, about 100 miles (160km) east. He posted a photograph on social media on Saturday of the family’s Passover Seder table at the residence.Republican Mark Schweiker, the former Pennsylvania governor, called the attack a “despicable act of cowardice” and said he hoped Pennsylvanians joined he and his wife in keeping the Shapiros in their prayers.Republican Tom Ridge, another former governor, said images of the damage to the residence where he lived for eight years with his family were “heartbreaking” and said the attack on the official residence was shocking.“Whoever is responsible for this attack – to both the Shapiro family and our Commonwealth – must be held to account,” Ridge said.State police said they were leading a multiagency investigation into the fire. More

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      Saturday Night Live: Jon Hamm excels as Trump heads to The White Lotus

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      Ahead of Easter, Saturday Night Live looks back at Jesus’s cleansing of the temple. He vows to ride the holy area of money, which brings out president Donald “Jesus” Trump (James Austin Johnson), who once again compares himself to the son of God: “Many people are even calling me the Messiah because of the mess I-a made out of the economy.”Trump brags about his “beautiful” tariffs, which were “working so well I had to stop them … now everything is back exactly how it was minus a few trillion dollars.”As he’s done in the past, Trump breaks the fourth wall to make fun of the cast frozen behind him – he signals out Ego Nwodim for her big hit performance last week – before tying things back to the upcoming holiday: “We love Easter, we love bunny, we love hunting for eggs just like everyone’s doing in the grocery store right now, because they cost a billion, trillion dollars.”This was one of the better cold opens in a while, mostly because, for as much as Johnson’s Trump rambled, it homed in on one topic: his insane bungling of the economy.Show favorite Jon Hamm hosts for the fourth time. Although his last go-round as host was 10 years ago, he has been on the show a lot since then, having racked up 14 cameos. He extolls the virtues of cameos, which can help take “a medium sketch to a marginally better than a medium sketch, or when a monologue is feeling aimless, and it needs a jolt of energy”. Right on cue, out comes Oscar winner Kieran Culkin to prove his point. The two bicker over their respective awards, penis sizes, and which of their acclaimed cable dramas was better. Hamm is right at home on the SNL main stage.Check-to-Check Business News Channel offers “financial new to regular folk living paycheck to paycheck”. Whereas the S&P means nothing to the hosts or their audience, other signs – such as “candy bars are up from ‘sure, baby,’ to ‘put that back’,” are dire signs. Meanwhile, healthcare spending remains at zero, while millions of Americans are investing in healthcare alternatives such as “just lay down, take an Advil, or just pray it goes away”.Another financial expert advises Americans to prepare for tariff price increases by switching from name brand products such as Perrier, Cap’n Crunch, and DiGiorno to knock-off brands: Uncle Bubble (“made from pure Tennessee tap water”), Sergent Munch (“lower rank, lower price, flavor bad”), and DeVonte (“it’s not delivery, it’s DeVonty”).This is one of SNL’s sharpest pieces of political comedy in a long time, managing to make light of America’s increasingly grim financial predicament in a way that average people will actually relate to. Also, the moment where Hamm and Nwodim’s news anchors laugh off the idea of ever repaying their student loans and start singing the chorus to En Vogue’s 1992 hit single, My Lovin’ (You’re Never Gonna Get It), is a season highlight. They have great chemistry with each other.A new Please Don’t Destroy sees the guys playing investigators in a police procedural. The grim search for a councilman’s abducted niece is interrupted by Hamm’s detective, who gets way too excited over the prospect of ordering pizza for the long work night ahead. Chastised by the other cops, he turns into a little kid, crying about how “maybe I’ll have a soda and that’s all I’ll have from the pizza party!” When the lead detective casually mentions that he’s already ordered three cheese, three Hawaiian pizzas, the rest of the squad also freak out. Hamm is at his goofy best here, as is everyone else. Indeed, this might be the funniest PDD to date.On the boringly titled game show Guess the Correct Answer, Hamm’s contestant is terrified he will do something embarrassing that will go viral and ruin his life. His fears immediately come to pass when he bungles simple answers and ends up divulging deeply personal secrets about his racism, small penis and “unstoppable, unceasing” lust for his daughter’s friends. Simplistic and kind of lazy as written, but Hamm’s gung-ho delivery keep the laughs coming.HBO’s The White Potus sees Trump attempt to unwind at an exotic vacation resort, only to fall into a suicidal funk. Elsewhere on the island, heretofore absent Ivanka (Scarlett Johansson) immediately bails on her newfound Buddhism, commerce secretary Howard Lutnick (Jon Gries) pervs out on the idea of “America get bent over and railed by other countries,” RFK Jr (Hamm) rambles about fluoride in water to his confused, buck-toothed girlfriend (Sarah Sherman) before darting off to kill and eat a monkey, Marco Rubio (Marcello Hernández) is ditched by his mean girls Pam Bondi (Ashley Padilla) and Kristi Noem (Heidi Gardner) only to be seduced by Vladimir Putin (a returning Beck Bennett), Eric Trump (a returning Alex Moffat) is his usual dumb self, while Don Jr (Mikey Day) has a sex dream about his ex-wife’s current beau, Tiger Woods (Kenan Thompson).This is a welcome return not only of some former cast members, but also the blending of hot button political and pop culture topics that used to be a regular fixture on SNL, but which has, for whatever reason, mostly been absent for the past few seasons. But good as it is, the fact that it didn’t have Don Jr and Eric engage in any brotherly love, a la this season of The White Lotus, feels like a cop out.Musical guest Lizzo performs her first set of the night. Bleating out eye-rolling, self-affirming platitudes while wearing a shirt that reads “Tariffied”, her performance plays like a liberal version of Morgan Wallen’s from two weeks ago: all unconvincing cultural signaling set to rote pop tunes.On Weekend Update, Colin Jost picks up where the cold open and previous sketch left off, noting that the president’s 90-day tariffs pause “may not seem like a long time, but remember, Trump has only been president 82 days and it already feels like a goddamn decade.”Michael Che invites Chinese trade minister Chen Biao (Bowen Yang) on to discuss Trump’s trade war with China. Chen could care less about Trump’s 145% tariff on Chinese goods, asking “which side is more willing to endure hardship for the glory of their nation: the one that’s been around for thousands of years, or the one sending Katy Perry to space?” He also takes a quick dig at JD Vance by hawking his own memoir, Peasant Elegy. There are some good lines here, but Yang’s snotty schtick gets in the way.Later, Jost brings on cast member Emil Wakim to give his thoughts about what it means to be an American these days. He comes out waving flags just to buy some goodwill, before admitting that he’s conflicted: “I know we’re bad, because my life is so good there’s just no way it’s cruelty-free.” He has some decent material about ordering from Uber Eats and hipster anti-capitalist hypocrisy, which is sure to go over poorly online.Wakim’s segment feels abrupt, probably because this week’s Update includes a rare third guest spot. Sarah Sherman plays Jost’s stressed-out accountant Dawn who, between pulling out her own hair and driving her head through the set, takes shots at him over his various sexual and criminal improprieties. It’s a credit to Sherman that this regularly recurring bit hasn’t yet worn out its welcome.A gay couple (Yang and Hamm) get angrily defensive when their confused friends ask where and how they got their newly adopted (or rather, clearly stolen) baby. This attempt to send up progressive identity politics might felt relevant a couple of years ago, but the culture has shifted enough that it no longer does.Scenes of interracial young people partaking in “active fun in slow motion” are revealed to be the number one indicator of herpes. Other signs include “dancing in an outdoor beer garden with strings lights”, “winning a carnival game on the first try” or “hanging out with exactly one white person, one Black person, one Asian person, and one Latin person.” A solid sendup of medication ad tropes.The show wraps up in a corporate office during a new employee orientation ice breaker. The new hires take turns sharing a fun personal fact about themselves. Hamm’s employee, Greg, brings things to a screeching halt when he introduces himself by revealing: “My mom killed my dad naked on TV.” More bits of information come out over the course of the conversation: the show was Jackass; it was funny and sad; and a party donkey, Port-a-potty, and Raven Simone were involved. The initial gag is funny, but the rest of the sketch loses the thread.While there were a few low points to tonight’s episode – the baby sketch, Lizzo’s first song – this was one of the stronger episodes of the season. The focus on Trump’s disastrous economic policy gave it a strong through-line, the guest appearances made for some fun surprises, and Hamm was expectedly great. More

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      Worried about your stock market savings as Trump tariffs wreak havoc? Don’t panic

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      This week was enough to make anyone worried about their stock market savings. As a certified public accountant, I don’t give investment advice. But I’m comfortable leaving my money in the stock market. Why? Let’s put things into perspective.Markets are still way upMany younger millennials and gen Z-ers may be panicking about recent falls in the market. But we’ve been here before – and worse. In March 2009, the Dow Jones Industrial Average lost more than half its value from the levels it reached less than two years before. In the past 15 years it has increased sixfold.Today’s economic problems are not as severe as 2009. Corrections happen, and rumors move markets. Which is why the Dow Jones average is down about 15% from its high back in November. However, it’s still at the highest level it’s ever been from before late 2022.Despite losses – and there will always be more losses – overall, people who invested in the markets over the past decade are still in very good shape.The economy is OKLast month the economy added more than 228,000 jobs, despite shedding hundreds of thousands of government workers. Meanwhile, other indices remain strong. True, manufacturing slipped into contraction last month – but that’s not really news, considering that – other than a few blips – it has been in contraction for years. Service industries are in their ninth consecutive month of expansion. Unlike 2009, capital is available and our banking system is strong. Consumers continue to spend. Wages are outpacing inflation.It’s too early to judge Trump’s tariff movesYes, Donald Trump’s trade war is disruptive. Maybe in the next few months – or a little longer – the smoke clears. We’ll see how this plays out. Maybe Trump’s decision to force the US economy to “take the medicine” so early in his administration aims to time this upside towards the end of his term. I wouldn’t be surprised to see more market volatility based on rumors, guesses and people trying to get attention for themselves. But I wouldn’t expect them to tank like they did in 2008.Growth policies under wayThere are also some very pro-growth policies under way and more coming.Like it or not, regulatory oversight from the federal government has already been scaled back thanks to a bunch of executive orders and the dismantling of agencies. This will help business owners keep their eye on their businesses, rather than the federal government. More importantly, both the House and Senate are moving to debate and then finalize a number of tax decreases which will include extending or making permanent many of the tax benefits from the 2017 Tax Cuts and Jobs Act as well potentially eliminating taxes on capital gains, overtime, social security and tips.All of this won’t happen, but some of it will and when it does consumers may have more in their pockets and businesses will enjoy a further long-term boost that should encourage more investment and growth.A cooling of inflation?The bond market thinks that inflation will cool down. That’s because bond yields have significantly decreased over the past few weeks. When inflation is expected to fall, so do yields. These traders think that – despite tariffs – there will be enough of a slowdown to dampen price increases and encourage the Federal Reserve to lower interest rates. Will the slowdown cause a recession? Maybe. But lower interest rates mean a lower cost of borrowing. It also helps reduce the government’s spending towards paying down debt.One big beneficiary of lower interest rates would be the residential real estate industry – which represents up to 18% of the US economy. Many homebuyers (and sellers) have been holding back due to higher interest rates. But now that bond yields are falling, so too are mortgage rates (which are also based on future inflation). In late 2023 the average mortgage rate was about 8%. Now it’s close to 6.5%. We’re getting close to a tipping point that could ignite this market. As we head into the spring and summer I would expect to see more buyers and sellers come out of hiding.I’m sure plenty of economists, academics and pundits will argue with these takes. The bottom line: don’t sell your stocks. Hold firm. History shows that, unless you speculate or get lucky with an isolated home run, investing in the broad stock market via mutual and index funds generally outpaces all other investments. If you have excess cash, consider putting more into these funds. Of course, consult a competent wealth adviser and evaluate your specific risks. But relax. You’ll be fine. More