The Standard & Poor's 500 is down and what is the Trump Administration going to do about it? Why, blame everyone they can except Donald Trump. He says it's sabotage by Federal Reserve Chairman Jerome Powell. White House economic advisor Larry Kudlow says it's because people out there are afraid Democrats will get some power in the coming election and undo all of Trump's excellent programs.
That's a great way to have it: If stocks are up, it's because of Trump's policies and if they're down, it's because investors are afraid of losing Trump's policies. Nothing can ever possibly happen to the market that proves those policies are wrong. It must be nice to be responsible for so many things that you can never be responsible for.