The Stock Market Falls Prey to Rekindled Trump and Fed Doubts
- Trump’s trade war, Powell’s hint on four hikes trigger selloff
- Evercore’s Ross turns less bullish on stocks after 2% loss
Pedestrians carrying umbrellas walk past the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 2, 2018.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Counting on your friends can be risky.
Or so it’s proving for equity investors, blindsided this week by two of their most steadfast allies. First it was the Federal Reserve, where incoming chairman Jerome Powell upped the temperature on inflation in remarks to Congress. Now it’s Donald Trump and his protectionist threats.