Grasping at straws after yesterday’s epic meltdown, Donald Trump is on Twitter this morning and he’s taking aim at one of his favorite targets: Amazon.
Apparently, someone has told him about the carnage in the retail sector which, you’re reminded, tumbled on Tuesday despite a solid beat on retail sales.
Catalyzing the carnage yesterday were Dick’s, Advanced Auto Parts, and Coach…
…but really it’s just a matter of who’s going to carry the baton on any given day in terms of dragging the sector lower. It’s a death spiral and just to give you an idea, the retailer ETF is on pace for its worst year since the financial crisis:
Well some of this – actually a lot of this – is due to the Amazon effect.
Everyone knows that.
Donald Trump apparently knows it too:
Now keep in mind, Trump isn’t really mad at Amazon. Trump is mad at Jeff Bezos and he’s fucking incensed at the Washington Post. That’s why he’s doing this. It has absolutely nothing to do with Amazon putting brick-and-mortar out of business and nothing to do with taxes.
And all you have to do to see proof of that is look at his Amazon tweet history which quite clearly demonstrates that this is all about bad press from the Washington Post.
The other thing you’ll notice in those tweets is that if you’re looking for a used copy of “Time To Get Tough,” then the President thinks Amazon is a great place to find one.