Trump Finds Villain in Powell for Markets Hit by Myriad Problems
- Investors want less instability after rough week for equities
- The S&P 500 is one bad session away from ending bull market
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Nobody was happier to take credit for surging stocks than Donald Trump, who touted and tweeted each leg up. Now the bull is on life support and the search for its killer is on.
And while many on Wall Street share the president’s frustration with the man atop his markets enemies list, Federal Reserve Chairman Jerome Powell, they say Trump himself risks making things worse with too much aggression when equities are one bad session away from a bear market.