Trump's geopolitical changes disrupt U.S. economy significantly

Economist David McWilliams warns against investing in U.S. stocks due to recent geopolitical upheavals caused by President Donald Trump. He believes these changes will have lasting negative economic effects on the U.S. In the electric vehicle market, BYD has introduced new ultra-fast chargers that can power its cars for 292 miles in just five minutes. This innovation led to a 2.5% jump in BYD’s stock. A recent survey by Bank of America showed that fund managers drastically cut their investments in U.S. stocks in March. They also increased their cash holdings significantly, marking the largest shift in five years. Cruise line stocks are facing challenges, with Royal Caribbean's shares falling 6% recently. Other companies like Norwegian and Carnival are also struggling. Shares of Hims & Hers, a telehealth company, fell nearly 9% after the FDA issued a warning about unapproved weight loss drugs, indicating potential regulatory changes in the industry. Warren Buffett's Berkshire Hathaway is having a successful year, reaching record highs while many other S&P 500 stocks plunge. Buffett’s strategic cash management seems to have paid off. The Federal Reserve decided to keep interest rates steady but has become more cautious about the economy. It raised forecasts for inflation and unemployment, while lowering growth predictions. RBC Capital Markets has reduced its forecast for the S&P 500, now predicting a year-end target of 6,200, following similar adjustments from other banks like Goldman Sachs.