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It has been a week of syring reversals exiting the White House, making it difficult to take anything that he says. The most obvious example of this was the weak state of President Donald Trump’s tariffs with Canada and Mexico, which mostly to close, and then, again, look for days, to tease Sort. In the midst of all that, the President Boast Elon Musk’s Free Hand to put thousands of government employees in a speech in a speech Panic And the creation. After two days, after calling a cabinet meeting in a hurry, Trump Public Some new restrictions on his fellow billionaire.
But even in this new era of Washington Shington, even in the truly spinning week, a comment of Trump has come out how incredible it was. The President said in the FIB on Thursday, “I don’t even look at the market,” his defenders also responded a little.
A top Republican leadership assistant summarized all the DC reaction when he gave me a message on an encrypted app with I-Roll Emoji. The second Republicans, who worked in Trump’s first administration, suggested that we probably fell into the parallel universe: “We are 10,000 on earth.”
Finally, a president who spent most of his first term using Wall Street Proxy Not only for the health of the economy, but his overall success as the leader of the nation. Trump insisted on the so -called Trump in 2019 “Must be credited to me in the big stock market.”
So despite Trump asked about the impact of his confused tariff policies on Thursday, this is an administration that lives by markets and dies by them, and the barometer is falling rapidly.
Friday’s Jobs Report was Expected In order to help Wall Street achieve the re -recover, evaporated in a short order after the Trump election in November. After reaching the top on December 16, Tech-Heavy Nasdaq is now 10% below his high record mark, which Trump once gave B ED. The broad down is more than 5%. Farmed investors class Sell Put the markets at a pace for the worst week after September. As a political adviser in the field of financial services, here in the city Convention Credit Union executions, told me in a vague clip: “We are tired, and it’s still Q1.”
The news was definitely seen in Friday’s job report Bag -bag. 151,000 jobs were added to the US economy but the unemployment reached 4.1%. The numbers were a little lower than expectations, but the real fear that was not Calculable: Most of the federal workers firing and downsizing that had not yet shown on the ledger. And the report was not so strong to reduce all tariff unrest, which is confident that the line of investments today would be more valuable.
It is not particularly ClevernessBut it is still Precisely: The so-called “Trump Bump” is when he won the second, non-persuasive term in power Become A “Trump Slump.” Heavy Trillion dollars The wealth created since Election Day disappeared this week.
It is an open question of the length of the recession. Friday’s Jobs Report was the latest brick in Trump’s second -term economic record memory. Whether it’s a door subbase or glass and steel office fissure tower is still TBD
But investors are losing their patience in which no one in Trump’s orbit can be considered to know it. Billionaire Commerce Secretary Howard Lootnik told a business broadcast that the tariff would stick, only by his boss would be humiliated after days, who said he would boot the Calendar Lander. Then, on Friday, Trump resurrected tariffs and Intimidation 250% tariff on Canadian dairy and wood.
It is Trump’s eccentric nature to keep in mind the extreme unrest in this market, and is as strong as musk. That is why many government contractors are spending their days by refreshing Musk’s Dodge account to see if they will already be paid for approval and complete work.
Importantly, Vashington Shington can gradually re-arrange many things coming out of this White House again on the F-on-Nature F-Ferry, but Wall Street is not definitely. It has actually become an hour-hour crisis; Market-moving decisions can come between phone calls, and then return immediately. And we have not yet seen any official jobs report that reflects cutting in federal agencies, or the potential degeneration of services such as food safety observations or weather forecasts. Or is waved in the economy of the world. We all look at this joy-gorau-round because the mechanics that keep it lubricated are kept iced.
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