Here comes Donald Trump’s stock market disaster

| 12:13 am EDT August 5, 2019
Dear Palmer Report readers,

We all understand what a dark era we're heading into. Journalists will be prosecuted. Major media outlets are caving to Trump already. Even the internet itself and publishing platforms may be at risk. Advertising networks can't be counted on. But Palmer Report is nonetheless going to lead the fight, because someone has to.

In that regard we're looking to start funding our 2025 operating expenses now, so we can keep publishing no matter what happens or how dark things get. We've launched a reader supported fund, and we've already raised $3360 and counting. I'm asking you to contribute if you can, because the stakes are just so high. You can contribute here. Thank you in advance.
Sincerely,
Bill Palmer
Palmer Report

It looks like it’s about to happen yet again. On Thursday afternoon, Donald Trump announced on Twitter that he was slapping even more tariffs onto Chinese goods, in the latest losing chapter of his failed trade war. Everyone on Wall Street knows that tariffs are a lose-lose proposition, so the Dow Jones Industrial average promptly lost roughly five hundred points within a few hours. Now it’s set for another big tumble tomorrow.

The DJIA took something of a breather on Friday when it dropped a mere 98 points for the day. But the market is setting itself up for a potentially ugly day on Monday, as Dow Futures are down nearly three hundred points at the time of publication of this article. There’s still time for that to reverse itself. But if the trend keeps up, it’ll result in the DJIA suffering a terrible opening on Monday morning.

The thing is, it’s not just the tariffs. Investors hate it when the government does something to screw with profitability and overall economic viability, and tariffs certainly qualify. But investors also dislike political instability in general. They’ve been overlooking Donald Trump’s erratic and unstable nature because the ongoing booming Obama economy has been too good to pass up.

But with Donald Trump’s racist antics now having resulted in a mass shooting on the part of a white supremacist whose rhetoric was hauntingly similar to Trump’s own rhetoric, and most of the nation laying the blame at Trump’s feet, investors know where this is headed. American democracy has been increasingly unstable since Trump illegitimately took office, and now it’s about to become even more untenable. No wonder the stock market is finally caving.

Dear Palmer Report readers,

We all understand what a dark era we're heading into. Journalists will be prosecuted. Major media outlets are caving to Trump already. Even the internet itself and publishing platforms may be at risk. Advertising networks can't be counted on. But Palmer Report is nonetheless going to lead the fight, because someone has to.

In that regard we're looking to start funding our 2025 operating expenses now, so we can keep publishing no matter what happens or how dark things get. We've launched a reader supported fund, and we've already raised $3360 and counting. I'm asking you to contribute if you can, because the stakes are just so high. You can contribute here. Thank you in advance.
Sincerely,
Bill Palmer
Palmer Report