Stock Traders Wait Anxiously for a Trump Tweet to Reverse Rout
- Markets take a beating as U.S-China trade battle intensifies
- Trump administration readies aid package for American farmers
The Twitter Inc. accounts of U.S. President Donald Trumpare seen on an iPhone.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
It’s been a reliable tonic for U.S. equity bulls for almost two years. Nearly every time stocks quaked, Donald Trump has tweeted words of reassurance, soothing fragile markets.
But three weeks after the president rekindled the trade war with China, sending the Dow into a 4% tailspin, traders are growing increasingly impatient for their dose of White House succor. Where is it? Where’s the “good things will happen” or talks are “moving along nicely”? Anything.