Barry Ritholtz, Columnist

Donald Trump Owns This Stock Market

It wasn’t smart to dump a dovish Fed chief, run up the deficit, and start a trade war. Trump did all three.

December 10, 2018 at 4:55 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

The bragging suddenly stopped.
Photograph: Asahi Shimbun/Getty Images

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For those looking for an explanation of why the stock market suddenly became tumultuous in the fourth quarter of 2018, you can stop searching: The answer is President Donald Trump.

I don’t say this lightly.