For Baffled Wall Street, Trump Markets Are ‘Weirder’ Than the 2008 Crisis
- He ‘can wreak havoc in really creative ways nobody thought of’
- Four down weeks in the S&P 500 is starting to take its toll
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Donald Trump’s trying to win a trade war, so don’t talk to him about 600 points in the Dow Jones Industrial Average. But for traders coping with the price impact of his tirades, it’s all they want to talk about.
Days like Friday are creating stress in the trenches. A decade ago, Max Gokhman was a 24-year-old at the center of the storm, buying and selling toxifying credit contracts at a hedge fund he founded. Now head of asset allocation at Pacific Life Fund Advisors, he says those days barely compare when it comes to the unpredictability he’s facing daily.