From Ford’s decision to scrap plans for a new manufacturing plant in Mexico, to a war of words between the President-elect and General Motors, to high profile spats with Lockheed Martin and Boeing over perceived cost overruns, Donald Trump has proven that we truly do live in a 140-character world.
Thursday has proven no exception:
How investors should adapt to this new reality is an open question, but adapt they must. Intraday stock prices for individual companies are now subject to a new source of volatility: one man’s Twitter account. As if, in a world governed by hair trigger vacuum tubes, we needed another reason to suspect that flash crashes will become the norm rather than the exception.