Trump Promises ‘Fire And Fury’, Stocks Turn Lower, VIX Spikes

Well, it looks like Donald Trump might have just triggered a risk-off move by channeling his inner-Kim Jong Un.

Here’s the headline:

  • TRUMP WARNS N. KOREA A U.S. RESPONSE WOULD BE `FIRE AND FURY’

And here’s a video of the President saying something that sounds like it walked right out of the DPRK propaganda playbook:

And just like that, USDJPY dipped…

USDJPY

Futs did too…

Nasdaq

And the VIX spiked…

VIX

“I love the smell of fire and fury in the afternoon”…

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6 thoughts on “Trump Promises ‘Fire And Fury’, Stocks Turn Lower, VIX Spikes

  1. Speaking of conspiracy theories. Does anyone doubt that Trump is capable of speaking to one of his children and letting him or her know that later in the day today Destructo would say something like “A U.S. RESPONSE WOULD BE `FIRE AND FURY,” so as to give his kid an opportunity to make a quick buck in the market? Really, you have a doubt? But, this is Donald Trump we’re talking about! Recall this:

    http://www.independent.co.uk/news/business/donald-trump-targets-boeing-shares-fall-twitter-air-force-one-planes-dennis-muilenburg-a7458946.html

    and this

    https://www.cnbc.com/2016/12/12/lockheed-martin-shares-drop-after-trump-says-f-35-program-too-expensive.html

    and this

    https://www.usatoday.com/story/money/2017/03/07/trump-tweet-drug-prices-sends-pharma-stocks-down/98845532/

    Like

  2. So, when some of Trump’s remaining 24% supporters come home tonight and take a look at their 401k, IRA or stock holdings and see the day’s movements all nice and red only to discover there’s a direct correlation between Trump’s ‘Fire And Fury’ In The Afternoon and their Stocks taking a crap, how many of them are finally going let go of Destructo? Or, are they going to call their accounts fake news? Or, are they going to blame Blumenthal? Or, are they going to blame Ghost Busters?

    Like

      • It’s a fair assumption. 24% represent millions and millions of Americans, and I suspect that those who have an account that’s less than “sizable,” would be even more pissed off!!

        Like

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