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The More Trump Tweets, The Worse Off Stocks Are, BofA Shows
Although it's probably not fair to blame Donald Trump for the entirety of the losses incurred by US stocks on Wall Street's first trading day of September, the president's tweets certainly didn't help.
Trump lashed out at China, the Fed, Europe, James Comey and the Mayor of London, among other real and perceived foes, on Tuesday.
That input was not welcome on a day when trade worries, Brexit and an abysmal ISM manufacturing print conspired to weigh heavily on sentiment coming off the US holida
As Billie Eilish would say: “Duh.”
It has certainly helped Twitter’s bottom line tho… 829% EPS growth ain’t nothing to scoff at
Some will be playing BUY at End of Tweet Day, Sell on Following Tweet-less or Tweet-regret Day.
When are people going to figure it out that Trump doesn’t do anything by accident…