Donald Trump’s disastrous Oval Office speech sends overnight stock market trading off a cliff
The stock market had a terrible day today, with the Dow Jones finishing down nearly 1500 points for the day. But the aftermarket trading seemed to be stable, leaving some hope that tomorrow might not be yet another bloodbath. Then Donald Trump decided to open his mouth.
Donald Trump gave an Oval Office address tonight which saw him sounding confused, out of breath, and unhealthy. He announced very little, beyond a new flight ban from Europe to the United States, which no one seems to think will help any, and which inexplicably exempts the UK. The whole thing was a sad joke, and investors certainly saw it that way.
In the half hour since Donald Trump’s speech, the Dow Futures have immediately gone off a cliff, and are now down by more than six hundred points. We’ll see where the trading goes from here as the night goes on. But it’s clear that Wall Street thinks Trump is blowing this, and is preparing for the devastating economic results of Trump’s ongoing inept mishandling of this virus.
