And previous ones, this doesn't bode well for the American economy either.
Despite what Donald Trump and the MAGA minions may think, globalization isn't a "bad thing" in and of itself. The downside is that where one major economy suffers, so too does the entire world.
Should Trump implement his misguided policies, what would likely have been an uncomfortable but manageable situation might very well turn into a serious recession. And I doubt that the incoming administration can muster the brain power to address it, much less mitigate its effects.
While this may (and likely will) sound cold blooded, since we cannot do anything to stop the actions of the incoming administration, we CAN certainly take advantage of their actions and profit from it at the expense of the MAGA faithful. And no, I won't feel any regret or remorse for doing so. After all, it was their intent in the first place to harm their fellow Americans-to "own the libs" as it were. They have made their bed, chosen their bed mate and they will have to lie in it, when the proverbial "bedtime for Bonzo" comes.
This has been 50 years in the making. From Nixon all the way up to Trump, Republicans have protected and promoted capital over everything else. They have disparaged education, justice, health, the environment, civil rights, women's rights and social goods of any kind to protect their precious millionaire now billionaire class.
So where we collectively find ourselves now, was predictable. It was also avoidable. They have made their choice and I have made mine. I choose reason, justice and prosperity. We can have the "New Jerusalem", it'll just have to be without some of our fellow citizens. But that was THEIR choice.

hurtful situation.

Follow the bond markets and especially bond yields: