Trading Trump’s mind is like…

Tuesday 24 March 2026

Trading Trump’s mind is like…stepping in dog shit to shine your shoes. Sure, it might work if scrubbed hard enough, but it doesn’t make much sense.

That is the kind of market we are dealing with today: a market that covers investors in shit in bulk.

After threatening Armageddon. Trump is now talking about Iran in the mirror.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.