When Trump Talks, Stocks Keep Tanking

Associated Press: “Over the course of the last eight days–all on which he held extended news conferences about the coronavirus response in the midst of trading — his comments haven’t stopped the bleeding. The Dow has lost more than 17% since March 13, and has plummeted more than 34% since the market hit an all-time high Feb. 19.”

“The president’s decision to offer daily affirmations to the health of the stock market, and the economy writ large, is not surprising. But no president has tied his fortunes to Wall Street more closely than Trump, who until the market crash bragged that the rising stock market was evidence of his success leading the economy.”