Thread by @HoarseWisperer

While the stock market is not a barometer of the economy, this is worth noting.

The stock market is now down for the year. It is also at risk of finishing down in the 2nd quarter.

Trump and his trade moves are solely responsible for the down markets.

1/

Trump has been riding the coattails of a run-up that he, practically speaking, had very little to do with...

...and now the things he did have something to do with are doing damage.

None of this bodes well for Trump.

2/

Trump has vastly overstimulated the market. He basically threw open the already-wide-open choke and pumped in more octane via a short-sighted tax cuts...

...and even so, the market is going sideways thanks to his trade stupidity.

3/

Trump feels like he has already checked the box of having fixed the economy.

In reality, he has pushed himself out on a dangerous limb.

He's out of lighter fluid. If the coals start to cool, he's got no real levers left to pull.

4/

The economy is effectively at full employment. Tax cuts already enacted.

Trump promised he'd fix people's lives through jobs and tax cuts.

Now he's bragging about having checked those boxes while ppl look around and see that their lives are little improved or are worse.

5/

It's going to be an interesting summer.

Trump's narcissism will compel him to brag the most just as local papers are increasingly filled with stories of businesses being hurt by his policies.

If the economy even slightly falls back, it's going. to. get. interesting.

<end>

p.s. a week from now, some investment funds are going to have to report that they're down for the quarter and the year.

They most certainly aren't going to say "We're just bad at this."

They're going to blame Trump... and they're going to be right.

That's gonna be fun.