Wall Street in times of Trump…..’it will all be OK’ isn’t there anymore.”

The big picture: Until now, markets looked at President Trump, and at the tech sector, and saw good times. Now, markets are looking at Trump and tech and seeing risk.

• With stock markets closed today for Good Friday, the firstquarter of 2018 is in the books, with the Dow Jones Industrial Average and S&P 500 in the red for the quarter, and Facebook and Google down.
• Be smart: Wall Streeters tell me that Trump’s impulsive crashing around on issues has started to affect market psychology. The economy’s fundamentals, and corporate performance, are strong. But he is the x factor.
• A tweet by Neil Irwin of the N.Y. Times Upshot captures the Street zeitgeist: “It seems like markets are settling into a new groove in which modest news creates outsized swings in prices, whether for tech stocks or companies vulnerable to a trade war. The baseline assumption that ‘it will all be OK’ isn’t there anymore.”…..

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Note….

With ‘Trump’s’ economy doing Sooooo Good?

The Fed is raising interst rates….

THAT is also not making money people and consumers happy either ….