Huh, who knew that enacting NeoNazi bans on working people would hurt business in a globalized world? Who knew… other than everyone on the planet except white supremacist Libertarians that is.
Major U.S. stock indexes posted their largest drop so far in 2017 on Monday as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S. president's policies are not market-friendly.
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"Investors focused on the pro-growth of (Trump's) proposals and not those detrimental to economic activity, like protectionism," said Peter Cardillo, chief market economist at First Standard Financial in New York.
He said investors wore blinders to only see the market-friendly policies Trump spoke about during the campaign and the immigration ban was a reminder of actions he could take that could undermine the economy.
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In an event with small business leaders, Trump took credit for the market rally since the election and said, "The market's not going down."
The Russell 2000 index of small and mid-cap companies fell 1.3 percent Monday, giving back all of January's gains.
www.reuters.com/...
Of course the economic ramifications, no matter how dire, pale in comparison to the humanitarian stain Trump has already burdened us with (right now I find it very difficult to care about Wall Street or investors). But it’s important to remember that Trump has zero legs to stand on after the worst presidential rollout in modern history.