Wall Street’s New Reality Is Trying to Trade Off Tweets
All price moves seem to be being driven by White House policies.
TUNE IN TODAY: Just weeks after President Trump effectively declared a trade war with the whole world, the initial fallout is taking shape. Has the world been knocked off its American axis? For the latest, Bloomberg’s Tim Stenovec will speak with Saleha Mohsin, Jordan Fabian and Anya Andrianova in a Live Q&A at 11 a.m. EDT.
Wall Street’s brief burst of euphoria that sent stocks on a two-day surge seems to have quickly disappeared.
And with equity futures now falling on the latest trade war headlines, it’s underscoring a new reality that’s been confounding investors for weeks: All the price moves now — the sudden surges and the stomach-churning tumbles — are being driven by White House policies that seem to shift constantly and with little to no forewarning, making it nearly impossible to predict where stocks, bonds or the dollar will go next.