Well needless to say, this was not a particularly inspiring week.
Or actually, that's not entirely true. It was a "tremendous" week if you enjoy watching raging dumpster fires and/or marveling at slow motion political train wrecks. It's impossible to communicate just how poorly the last five days have gone for the Trump administration - we seem to be back to the situation we were in late last summer when every week could be summed up as follows: "this was the worst week for the Trump administration since last week."
The tariff boondoggle was the most important event for markets, but playing out in the background here is an increasingly aggressive Robert Mueller who seems to be zeroing in on Kushner, which of course is the logical next step. We've always said the special counsel will start from the outside of Trump's orbit and move in with Kushner being the last domino to fall before "Bobby Three Sticks" finally turns the screws on the President. Meanwhile, Jeff Sessions seems to be taking something of a stand against Trump and one certainly imagines that the Alabama stalwart wasn't amused when America learned that his nickname in the White House is "Mr. Magoo." Also, Hope Hicks i
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