David Woo discusses the escalating global trade wars and their potential impact on markets. Woo argues that Trump’s recently passed “big beautiful bill” will embolden him to move forward with aggressive tariffs, creating serious risks as the August 1st deadline approaches. He warns of rising geopolitical tensions in the Russia-Ukraine conflict, suggesting this could drive gold significantly higher, particularly against the euro. Woo also reveals his short position on the NASDAQ 100, citing parallels to early 2022 and growing retail investor mania. Additionally, he questions the strength of BRICS and highlights a potential EU-led global trade alliance that could challenge U.S. dollar dominance.
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INTERVIEW TIMELINE:
0:00 Intro
1:30 Trade war
19:00 Trade unions
26:30 Weekly specials
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