Stocks dive again as Wall Street realizes Trump has no idea what he's doing
The takeaway is that it’s a total charade that anyone wealthy who supported him has any clue. He literally said he was going to do this, to thunderous applause. And then when he does, these people are surprised pikachu. The lack of intelligence is astounding.
But whenever he says something dumb his supporters assure you that he is speaking in superlatives and you are stupid for thinking he would actually do what he says. Turns out he really does do what he says he will do, who would have thunk…
To be fair, politicians in general have a poor record of actually doing as they'd promised.
The only positive thing I can say about him is that, whether it's a good idea or not, he does exactly what he says he will.
Yeah. He stopped the Ukraine war on day 1 just like he said he would.
I don't think anyone was silly enough to believe that he would do a fanciful thing well outside his control.
More importantly - the US bond market Treasury yields, the trigger that caused Trump to finally 180, has now continued rising (i.e. a very bad thing).
https://www.cnbc.com/bonds/