Shervin Pishevar has never been afraid to make bold predictions, even when the vast majority of the investment world has seen things otherwise. He recently continued this trend, returning to Twitter after a brief hiatus, in order to discuss a myriad of controversial issues that he believes will shape the financial culture of the globe for years to come. In his Twitter rant, Shervin Pishevar discussed a number of key topics, including the United State’s traditional practice of exporting inflation, the fall of several key conglomerates, and the failing infrastructure of America.
During this tweetstorm, he also discussed the status of the US stock market, predicting a major dropoff over the course of the next few months.
It only took one day for Shervin Pishevar’s comments regarding the stock exchange to trend in that direction, as the Dow Jones plummeted an incredible 500 points in less than one hours, while the S&P, industrials, and bonds began looking more vulnerable than any points in recent history. If Shervin Pishevar’s thoughts regarding the stock market continue to trend in the predicted direction, it will be in stark contrast to the beliefs of the leader of the free world, United States President Donald Trump. President Trump, who is very active on Twitter, has continuously backed the upward trends shown by the US stock market over the course of several years, but if Mr. Pishevar is correct, this is sure to come to an end. He even began a new hashtag which quickly caught fire on Twitter called, TrumpDump, in response to the US President’s incorrect backing.
One of the more important issues that Shervin Pishevar touched on during his 50-plus tweet rant, was the infrastructure and innovation (or lack thereof) of the United States, which when compared to places like China, is severely behind. According to Mr. Pishevar, the lack of innovation in America today has a direct correlation with the loss of power in Silicon Valley, as “the American way” has now become the “global way,” as well as the power of companies like Amazon and Google, that have consistently swallowed up smaller competition, essentially eliminating true innovation.