Thursday , 22 August 2019

Trump Bashes “Clueless” Jay Powell And “CRAZY” Inverted Yield Curve

As the 2s10s curve inversion continues to rattle investor confidence, President Trump has chimed in with roughly half an hour left in the trading day to try and revive the market’s optimism during what’s looking to be the worst session for stocks this year (and the second 700+ point loss for the Dow this month)…

We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut….
— Donald J. Trump (@realDonaldTrump) August 14, 2019
…While also seizing on yet another opportunity to blame the Fed for the latest inversion in the curve (and let’s not forget about 30-year yield hitting all-time low).

..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!
— Donald J. Trump (@realDonaldTrump) August 14, 2019
It’s hardly a coincidence that Trump – who is hell bent on blaming Powell for the coming crash – is now slamming the Fed Chairman with a fresh harshly worded tweet every time the Dow slides 200 points lower.

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