S&P 500

How Investors Should Think About Shakeups In The Trump Administration

"...suddenly being close to Trump is looking more offered than a night out with me."

"...suddenly being close to Trump is looking more offered than a night out with me."
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4 comments on “How Investors Should Think About Shakeups In The Trump Administration

  1. No doubt. As you have written repeatedly, especially for many of you hard-headed readers at Seeking Alpha, markets care about Trump’s rump and geopolitics, and I thought of just what you’ve writing when these came by:

    “Wall Street recovered earlier losses Friday afternoon after news broke that President Trump’s chief strategist Steve Bannon will exit the White House”

    http://www.thedailybeast.com/stocks-climb-after-report-of-steve-bannons-white-house-exit

    And then after Bannon’s exit was confirmed:

    “News of Steve Bannon’s departure from the White House on Friday was cheered by floor traders at the New York Stock Exchange. …

    “The S&P, which was down 5 points, promptly rallied 7 points in a matter of minutes and another 5 points over the next hour. When The New York Times confirmed that Bannon was leaving at about 12:40 p.m. ET, the market moved up another 5 points. …

    “Floor traders, who are overwhelmingly Republican, cheered when it was reported that Bannon was out.

    https://www.cnbc.com/2017/08/18/at-nyse-floor-traders-cheer-news-of-bannons-white-house-exit.html

    • Anonymous

      couple of things. 1. trump will be in someone’s camera view within 24 hours to tell you what a great job he has done and just look how great the stock market is today; and 2. make hay while the sun shines because he will do or say something very soon that will rain on your haystack.

      – Murphy

  2. Market moves based on what happened in the last 15 minutes in the White House are irrelevant. What they do tell us is that large investors..market movers..are VERY nervous about the thin ice the market is skating on and the speed with which those who know that can be spooked. And we are only at the tip of this…between gin and tonics this weekend make a list of all the geopolitical and domestic situations that could hit the fan next weeks..feel free to use both sides of the sheet.

    • Anonymous

      Speaking of Hit the Fan: If you did not see Maddow on MSNBC last night or really early repeat show this morning, find it on MSNBC site. The info regarding Bannon’s plan with Mercer is a threat to the Nation. I also did not know (duh?) that Kellyanne Conway is up to her neck with them. Bannon flat out plans to overthrow anyone who stands between trump and whatever trump wants. Looks like the departure was more Bannon’s plan than a surprise and he sees it as his way clear to pumping up the base support group, telling what he knows about the opposition and basically starting a “war” against opposition of any sort including all media. He seems drunk with “power” that he thinks he has now. They promised this will get ugly. Mercer is at the root and has a lot of money to spend.

      – Murphy

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